BlackRock Kelso Capital Corporation Announces Exercise and Closing of Over-Allotment Option

BlackRock Kelso Capital Corporation

announced today that the underwriters of its recent public offering of common stock have fully exercised their over-allotment option and have purchased an additional 900 thousand shares of the Company's common stock at a price of $11.95 per share. The over-allotment option was granted in connection with the Company's previously announced public offering of 6 million shares of common stock completed on October 22, 2010. With the exercise of the over-allotment option, a total of 6.9 million shares of common stock were sold in the offering. The Company raised approximately $78.7 million in net proceeds after deducting underwriting discounts and commissions.