logo
Share SHARE
FONT-SIZE Plus   Neg

TICC Capital Completes $48.7 Mln Stock Offering

TICC Capital Corp. (TICC) said Wednesday that it has completed a public offering of about 4.9 million shares of its common stock, including 637,500 shares of common stock that were issued to cover over-allotments, at a public offering price of $9.96 per share for total gross proceeds of about $48.7 million.

Wells Fargo Securities and RBC Capital Markets acted as joint book-running managers for the offering. BB&T Capital Markets, Ladenburg Thalmann & Co. Inc. and JMP Securities acted as co-managers.

The company expects to use the net proceeds from the offering for general corporate purposes, which may include investing in debt or equity securities, and other general corporate purposes, including working capital requirements.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Germany's Adidas AG has overtaken Jordan brand to become the second ranking brand of U.S. sport footwear, according to athletic footwear data in August compiled by The NPD Group. Adidas now owns 13% of the sneaker market in the United States. Nike Inc., which is also the parent of the Jordan brand, maintained its top spot. Toys R Us Monday said it has voluntarily filed for chapter 11 bankruptcy protection in U.S. amid its struggles with outstanding debt and the shrinking sales due to increased online competition. The New Jersey-based toy retailer has still not recovered from a massive debt left from its $6.6 billion acquisition in 2005. You've already made so many great decisions if you are in position to retire. Don't blow the next big call: where to spend your golden years. The personal-finance website WalletHub conducted an in-depth analysis of retiree-friendliness of the 150 largest U.S. cities across 40 key metrics. Those...
comments powered by Disqus
Follow RTT