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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