Deal, priced at $17.60 per share, finances middle-market investments
By Devika Patel
Knoxville, Tenn., Feb. 11 - Fidus Investment Corp. said the underwriters for its public offering of common stock opted to exercise the deal's $3.96 million greenshoe in full for total proceeds of $30.36 million. The deal priced for $26.4 million on Feb. 5 and was announced Feb. 4.
The company sold 1,725,000 common shares at $17.60 apiece, a 2.28% discount to the closing share price of $18.01 on Feb. 4. Of the shares, 225,000 comprised the greenshoe.
Raymond James & Associates, Inc. and Robert W. Baird & Co. Inc. were the joint bookrunning managers.
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: | $30.36 million (including $3.96 million greenshoe)
|
| Shares: | 1,725,000
|
| 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. 11
|
| Stock symbol: | Nasdaq: FDUS
|
| Stock price: | $18.01 at close Feb. 4
|
| Market capitalization: | $214.32 million
|
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