Key Developments: Full Circle Capital Corp (FULL.W)
7.78USD
15 May 2013
$-0.04 (-0.51%)
$7.82
$7.78
$7.78
$7.78
100
60
$8.27
$6.90
Latest Key Developments (Source: Significant Developments)
Full Circle Capital Corp Announces Public Offering Of Common Stock
Full Circle Capital Corp announced that it has commenced a public offering of 1,350,000 shares of its common stock. The public offering price of the common stock is to be determined by negotiations between Full Circle and the underwriters. Full Circle also plans to grant the underwriters a 30-day option to purchase up to 202,500 additional shares of common stock on the same terms and conditions to cover over-allotments, if any. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., is acting as the lead bookrunning manager and representative of the several underwriters for the offering. Maxim Group LLC and National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc., are acting as joint bookrunning managers for the offering. Full Circle intends to use the net proceeds from this offering to repay debt outstanding under its credit facility. However, subsequent to such repayment, it intends to borrow additional amounts under its credit facility to make investments in new portfolio companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes. Full Article
Full Circle Capital Corp Declared Monthly Distributions
Full Circle Capital Corp announced that the Board of Directors declared monthly distributions of $0.077 per share amount for the second quarter of fiscal 2013, payable on November 15, 2012, December 14, 2012, January 15, 2013, to the shareholders of record date October 31, 2012, November 30, 2012, December 31, 2012. Full Article
Full Circle Capital Corp Announces New Senior Secured Loan Transactions
Full Circle Capital Corp announced the closing of two senior secured loan transactions totaling $11.5 million in combined loan facilities. These two transactions are the latest in a series of financings completed by Full Circle Capital since June 30, 2011 that together total $30.3 million in first lien senior secured loans to four companies. Full Circle Capital closed a $7.0 million senior secured credit facility with The Finance Company, LLC, a consumer finance company headquartered in Spartanburg, South Carolina. The credit facility consists of a senior secured multi-draw term loan facility. Proceeds of the financing were used to acquire Cashwell Financial of SC, LLC and affiliates and to fund future growth. Full Circle Capital also announced the closing of a $4.5 million senior secured credit facility with iMedX, Inc., a provider of web-based medical documentation services and related software products to small physician practices, clinics and hospitals. The Company's products include TurboScribe (medical documentation), TurboRecord and TurboRx (electronic prescriptions). iMedX is based in Shelton, Connecticut and has additional offices in South Point, Ohio and Hyderabad, India. iMedX is a portfolio company of RFE Investment Partners, a New Canaan, Connecticut based private equity firm founded in 1979. Proceeds of the financing are to be used for debt refinancing, to fund growth projects and strategic acquisitions. Full Article
Full Circle Capital Corp Announces $10.5 Million Financing Of Coast Plating, Inc.
Full Circle Capital Corp announced the closing of a $10.5 million senior secured credit facility with Coast Plating, Inc. (Coast), . The credit facility consists of a senior revolving line of credit and a multi-draw senior term loan facility. Proceeds of the financing are to be used for debt refinancing and to fund future capital expenditures for growth projects. Full Article
Full Circle Capital Corp Declares Monthly Distributions Of $0.075 For July, August And September 2011
Full Circle Capital Corp announced that the Board of Directors has declared on June 28, 2011 monthly distributions of $0.075 per share for each of July, August and September 2011. These monthly distributions, which will be payable pursuant to the table below, equate to a total of $0.225 per share for the first quarter of fiscal 2012 ending September 30, 2011. The annualized distribution of $0.90 per share equates to a current yield of 11.7%, based on the closing price of the Company's common stock of $7.70 per share on June 28, 2011. Full Article
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