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Fifth Street Finance Corp Raises $146.5 Million in Gross Proceeds in Connection With Public Offering of Common Stock

Monday, 15 Apr 2013 04:33pm EDT 

Fifth Street Finance Corp announced the closing of its public offering of 13,500,000 shares of its common stock at a public offering price of $10.85 per share for total gross proceeds of $146,475,000. Fifth Street has also granted the underwriters an option to purchase up to 2,025,000 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, Deutsche Bank Securities, Goldman, Sachs & Co. and Wells Fargo Securities acted as lead book-running managers for the offering, Keefe, Bruyette & Woods, Raymond James, RBC Capital Markets and UBS Investment Bank acted as joint book-running managers for the offering and JMP Securities, SMBC Nikko, Sterne Agee, Maxim Group LLC and Wunderlich Securities acted as co-managers for the offering. 

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