UPDATE: Garrison Capital Inc. IPO's at $15/Share

Garrison Capital Inc.

announced today the pricing of the initial public offering of 5,333,334 shares of its common stock at a public offering price of $15.00 per share, raising approximately $80 million in gross proceeds. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 800,000 shares of common stock to cover over-allotments, if any. The Company's common stock is expected to begin trading on The NASDAQ Global Select Market under the symbol "GARS" on March 27, 2013. Robert W. Baird & Co., Incorporated and Oppenheimer & Co. Inc. are serving as joint book-running managers. William Blair & Company, L.L.C., Janney Montgomery Scott LLC, Stephens Inc. and Wunderlich Securities, Inc. are serving as co-lead managers. J.J.B. Hilliard, W.L. Lyons, LLC, Ladenburg Thalmann & Co. Inc., National Securities Corporation, Capital One Southcoast, Inc. and Natixis Securities Americas LLC are serving as co-managers. The shares are expected to be delivered to investors on April 2, 2013. The Company plans to invest the net proceeds of the offering in accordance with its investment objective, which is to generate attractive risk-adjusted returns by making investments primarily in debt securities and loans of U.S. based middle-market companies, and for general corporate purposes.