Fifth Street Finance FSC today announced that it priced a public
offering of 7,500,000 shares of its common stock at a public offering price of
$10.79 per share for total gross proceeds of $80,925,000. All shares are being
offered by Fifth Street. UBS Investment Bank, Goldman, Sachs & Co., J.P.
Morgan and Wells Fargo Securities are acting as lead book-running managers for
the offering. Deutsche Bank Securities, RBC Capital Markets and Stifel
Nicolaus Weisel are acting as joint book-running managers and Raymond James,
Maxim Group LLC and SMBC Nikko are acting as co-managers for the offering.
The closing of the transaction is subject to customary closing conditions and
the shares are expected to be delivered on or about September 14, 2012. Fifth
Street has also granted the underwriters an option to purchase up to an
additional 1,125,000 shares of common stock to cover over-allotments, if any.
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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