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Fidus Investment to price public sale of 2.5 million common shares
Proceeds used for investments, working capital and corporate purposes
By Devika Patel
Knoxville, Tenn., May 26 – Fidus Investment Corp. said it plans to price a public offering of stock with a 30-day greenshoe.
The company will sell 2.5 million common shares with another 375,000 shares allotted for the greenshoe.
Raymond James, Robert W. Baird & Co. Inc. and Keefe, Bruyette & Woods are the bookrunning managers, and BB&T Capital Markets and Oppenheimer & Co. Inc. are the co-lead managers.
Proceeds will be used make investments in lower middle-market companies, to repay debt and for working capital and general corporate purposes.
Fidus is an Evanston, Ill.-based small business investment company and financing provider.
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