Fifth Street Finance Corp Prices Public Offering Of Common Stock

Fifth Street Finance Corp announced that it priced a public offering of 14,000,000 shares of its common stock at a public offering price of $10.68 per share for total gross proceeds of $149,520,000. All shares are being offered by Fifth Street. Morgan Stanley, Barclays, Goldman, Sachs & Co., UBS Investment Bank and Wells Fargo Securities are acting as lead book-running managers for the offering, Raymond James and RBC Capital Markets are acting as joint book-running managers for the offering and Janney Montgomery Scott LLC, SMBC Nikko, Gilford Securities Incorporated and Maxim Group LLC are acting as co-managers for the offering. The closing of the offering is subject to customary closing conditions and the shares are expected to be delivered on or about December 7, 2012. Fifth Street has also granted the underwriters an option to purchase up to 2,100,000 additional shares of common stock. Fifth Street intends to use the net proceeds from this offering to repay debt outstanding under its credit facilities. However, through re-borrowing under its credit facilities, it intends to make investments in small and mid-sized companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes.