Key Developments: TICC Capital Corp (TICC.OQ)

TICC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

TICC Capital Corp Completion Of Public Offering Of Common Stock
Friday, 22 Mar 2013 10:00am EDT 

TICC Capital Corp announced that it has completed a public offering of 3,450,000 shares of its common stock (including 450,000 shares of common stock that were issued pursuant to the full exercise of the option granted to the underwriters to purchase additional shares) at a public offering price of $10.20 per share for total gross proceeds of approximately $35.2 million. Barclays Capital Inc. acted as the sole book-running manager for the offering. Keefe, Bruyette & Woods, Inc. acted as lead manager for the offering and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., JMP Securities LLC and BB&T Capital Markets, a division of BB&T Securities, LLC, acted as co-managers for the offering. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.  Full Article

TICC Capital Corp Announces Pricing Of Public Offering Of Common Stock
Tuesday, 19 Mar 2013 08:59am EDT 

TICC Capital Corp announced that it has priced a public offering of 3,000,000 shares of its common stock at a public offering price of $10.20 per share for total gross proceeds of $30.6 million. The closing of the offering is subject to customary closing conditions and is expected to take place on March 22, 2013. The Company has granted the underwriters an option to purchase up to an additional 450,000 shares of common stock. Barclays Capital Inc. is acting as the sole book-running manager for the offering. Keefe, Bruyette & Woods, Inc. is acting as lead manager for the offering and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., JMP Securities LLC and BB&T Capital Markets, a division of BB&T Securities, LLC, are acting as co-managers for the offering. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.  Full Article

TICC Capital Corp Commences Public Offering Of Common Stock
Monday, 18 Mar 2013 04:11pm EDT 

TICC Capital Corp announced that it has commenced a public offering of 3,000,000 shares of its common stock. In connection with the proposed offering, the Company intends to grant the underwriters for the offering an option to purchase up to an additional 450,000 shares of common stock. Barclays Capital Inc. is acting as the sole book-running manager for the offering. Keefe, Bruyette & Woods, Inc. is acting as lead manager for the offering and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., JMP Securities LLC and BB&T Capital Markets, a division of BB&T Securities, LLC, are acting as co-managers for the offering. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.  Full Article

TICC Capital Corp Announces Completion Of Public Offering Of Common Stock
Monday, 11 Feb 2013 11:18am EST 

TICC Capital Corp announced that it has completed a public offering of 6,325,000 shares of its common stock (including 825,000 shares of common stock that were issued pursuant to the full exercise of the option granted to the underwriters to purchase additional shares) at a public offering price of $10.36 per share for total gross proceeds of approximately $65.5 million. Barclays Capital Inc. acted as the sole book-running manager for the offering. Stifel, Nicolaus & Company, Incorporated acted as lead manager for the offering and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. ,JMP Securities LLC and BB&T Capital Markets, a division of BB&T Securities, LLC, acted as co-managers for the offering. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.  Full Article

TICC Capital Corp Announces Pricing Of Public Offering Of Common Stock
Wednesday, 6 Feb 2013 09:09am EST 

TICC Capital Corp announced that it has priced a public offering of 5,500,000 shares of common stock at a public offering price of $10.36 per share for total gross proceeds of approximately $57 million. The closing of the offering is expected to take place on February 11, 2013. The Company has granted the underwriters an option to purchase up to an additional 825,000 shares of common stock. Barclays Capital Inc. is acting as the sole book-running manager for the offering. Stifel, Nicolaus & Company, Incorporated is acting as lead manager for the offering and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., JMP Securities LLC and BB&T Capital Markets, a division of BB&T Securities, LLC, are acting as co-managers for the offering. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.  Full Article

TICC Capital Corp Commences Public Offering Of Common Stock
Tuesday, 5 Feb 2013 04:09pm EST 

TICC Capital Corp announced that it has commenced a public offering of 3,000,000 shares of its common stock. In connection with the proposed offering, the Company intends to grant the underwriters for the offering an option to purchase up to an additional 450,000 shares of common stock. Barclays Capital Inc. is acting as the sole book-running manager for the offering. Stifel, Nicolaus & Company, Incorporated is acting as lead manager for the offering and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. JMP Securities LLC and BB&T Capital Markets are acting as co-managers for the offering. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.  Full Article

TICC Capital Corp Announces Quarterly Distribution
Wednesday, 7 Nov 2012 08:00am EST 

TICC Capital Corp announced a distribution of $0.29 per share for the fourth quarter of 2012.  Full Article

TICC Capital Corp Closes Private Offering Of $105 Million Of 7.50% Senior Convertible Notes Due 2017
Wednesday, 26 Sep 2012 04:00pm EDT 

TICC Capital Corp announced that it has closed a private placement of five year unsecured 7.50% Senior Convertible Notes Due 2017 (the Notes). A total of $105 million aggregate principal amount of the Notes were issued at the closing. The Notes are convertible into shares of the Company's common stock based on an initial conversion rate of 87.2448 shares of the Company's common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $11.46 per share of common stock, representing an approximately 10.0% conversion premium over the last reported sale price of the Company's common stock on September 20, 2012, which was $10.42 per share. The conversion price for the Notes will be reduced for quarterly cash dividends paid to common shares to the extent that the quarterly dividend exceeds $0.29 cents per share, subject to adjustment. The Company intends to use the net proceeds from the sale of the Notes for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.  Full Article

TICC Capital Corp Completion Of Public Offering Of Common Stock
Monday, 20 Aug 2012 10:25am EDT 

TICC Capital Corp announced that it has completed an underwritten public offering of 3,450,000 shares of its common stock (including 450,000 shares of common stock that were issued pursuant to the 30-day option granted to the underwriters to purchase up to 450,000 additional shares of common stock) at a public offering price of $9.65 per share for total estimated gross proceeds of $33.3 million. Barclays Capital Inc. acted as the sole book-running manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., acted as a co-manager. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments by the Company in corporate debt and equity securities and investments in structured finance vehicles.  Full Article

TICC Capital Corp Announces Pricing Of Public Offering Of Common Stock
Wednesday, 15 Aug 2012 09:12am EDT 

TICC Capital Corp announced that it has priced an underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $9.65 per share for total estimated gross proceeds of $29 million. The closing of the offering is subject to customary closing conditions and is expected to take place on August 20, 2012. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock. Barclays Capital Inc. is acting as the sole book-running manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. is acting as a co-manager. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments by the Company in corporate debt and equity securities and investments in structured finance vehicles  Full Article

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