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TICC Capital Completes $48.7 Mln Stock Offering

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3/21/2012 12:29 PM ET

TICC Capital Corp. (TICC: Quote) 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.

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