Fifth Street Finance Corp. Raises $149.5M in Gross Proceeds After Pricing 14M Shares at $10.68/Share

Fifth Street Finance Corp.

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.