Raymond James and Robert W. Baird act as joint bookrunners
By Devika Patel
Knoxville, Tenn., Sept. 11 - Fidus Investment Corp. said it completed a $39.81 million public offering of stock. The offering was announced on Sept. 6 and had a $5.19 million greenshoe.
The company sold 2,472,500 common shares at $16.10 per share. Of the shares, 322,500 were part of the fully exercised greenshoe. The price per share is a 0.12% discount to the $16.12 closing share price on Sept. 10.
Raymond James & Associates, Inc. and Robert W. Baird & Co. Inc. were the joint bookrunning managers. BB&T Capital Markets and Oppenheimer & Co. Inc. were the co-lead managers. DA Davidson was a co-manager.
Proceeds will be invested in lower middle market companies and also used for working capital and general corporate purposes.
Fidus is an Evanston, Ill.-based small business investment company and financing provider.
| Issuer: | Fidus Investment Corp.
|
| Issue: | Common stock
|
| Amount: | $39,807,250 (including $5,192,250 greenshoe)
|
| Shares: | 2,472,500
|
| Price: | $16.10
|
| Warrants: | No
|
| Bookrunners: | Raymond James & Associates, Inc. and Robert W. Baird & Co. Inc.
|
| Announcement date: | Sept. 6
|
| Settlement date: | Sept. 11
|
| Stock symbol: | Nasdaq: FDUS
|
| Stock price: | $16.12 at close Sept. 10
|
| Market capitalization: | $152.15 million
|
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