Fifth Street Finance
Corp. FSC today announced the closing of its public
offering of 14,000,000 shares of its common stock at a price of $10.68 per
share for total gross proceeds of $149,520,000. Fifth Street has also granted
the underwriters an option to purchase up to 2,100,000 additional shares of
common stock. Fifth Street intends 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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