MVC Capital to redeem 7.25% $25-par notes due 2023 via note proceeds

By Sarah Lizee

Olympia, Wash., Nov. 6 – MVC Capital, Inc. plans to redeem its 7.25% $25-par senior notes due Jan. 15, 2023 using proceeds from a new offering of senior notes, according to a press release.

The notes currently amount to $114.4 million plus accrued interest.

Ladenburg Thalmann & Co. Inc. and BB&T Capital Markets are acting as joint bookrunning managers. B. Riley FBR, Inc., JMP Securities LLC, Oppenheimer & Co. Inc., William Blair & Co. LLC and Maxim Group LLC are acting as co-managers.

MVC is a business development company based in Purchase, N.Y.

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