Deal, with $3.96 million greenshoe, finances middle-market investments
By Toni Weeks
San Luis Obispo, Calif., Feb. 5 - Fidus Investment Corp. priced its $26.4 million public offering of common stock with a $3.96 million, 30-day greenshoe, according to a company news release.
The company will sell 1.5 million common shares at $17.60 apiece, a 2.28% discount to the closing share price of $18.01 on Feb. 4.
Raymond James & Associates, Inc. and Robert W. Baird & Co. Inc. are the joint bookrunning managers.
Settlement is expected Feb. 8.
Proceeds will be invested in lower middle-market companies and will also be 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: | $26.4 million
|
| Greenshoe: | $3.96 million
|
| Shares: | 1.5 million
|
| Price: | $17.60
|
| Warrants: | No
|
| Bookrunners: | Raymond James & Associates, Inc. and Robert W. Baird & Co. Inc.
|
| Co-lead managers: | BB&T Capital Markets and Oppenheimer & Co. Inc.
|
| Co-managers: | DA Davidson and J.J.B. Hilliard, W.L. Lyons, LLC
|
| Announcement date: | Feb. 4
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 8
|
| Stock symbol: | Nasdaq: FDUS
|
| Stock price: | $18.01 at close Feb. 4
|
| Market capitalization: | $210.09 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
