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Fifth Street Finance Corp Raises $149.5 Million in Gross Proceeds in Connection With Public Offering of Common Stock

Friday, 7 Dec 2012 12:32pm EST 

Fifth Street Finance Corp announced that the closing of its public offering of 14,000,000 shares of its common stock at a price of $10.68 per share for total gross proceeds of $149,520,000. 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. Morgan Stanley, Barclays, Goldman, Sachs & Co., UBS Investment Bank and Wells Fargo Securities acted as lead book-running managers for the offering, Raymond James and RBC Capital Markets acted as joint book-running managers for the offering and Janney Montgomery Scott, SMBC Nikko, Gilford Securities Incorporated and Maxim Group LLC acted as co-managers for the offering. 

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