Fifth Street Finance Corp. (FSC) announced that it has closed its public offering of 13.5 million shares of its common stock at a price of $10.85 per share for total gross proceeds of $146.5 million.
Also, Fifth Street said it has granted the underwriters an option to purchase up to 2.0 million additional shares of common stock.
Fifth Street stated that it 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 in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes.
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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.