Fifth Street Finance Corp. (FSC) said Thursday that it has priced a public offering of 13.5 million shares of its common stock at a public offering price of $10.85 per share for total gross proceeds of $146.475 million.
The closing of the offering is subject to customary closing conditions and the shares are expected to be delivered on or about April 15.
Fifth Street has also granted the underwriters an option to purchase up to 2.025 million additional shares of common stock.
Fifth Street plans 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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.