Proceeds used for investments, working capital and corporate purposes
By Devika Patel
Knoxville, Tenn., May 27 – Fidus Investment Corp. said it priced a $38.18 million public offering of stock with a $5.73 million greenshoe. The offering was announced Thursday.
The company will sell 2.5 million common shares at $15.27 per share. The price per share is a 2.05% discount to the May 26 closing share price of $15.59.
Raymond James, Robert W. Baird & Co. Inc. and Keefe, Bruyette & Woods are the bookrunning managers.
Settlement is expected on June 2.
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.
| Issuer: | Fidus Investment Corp.
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| Issue: | Common stock
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| Amount: | $38,175,000
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| Greenshoe: | $5,726,250, or 375,000 shares
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| Shares: | 2.5 million
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| Price: | $15.27
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| Warrants: | No
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| Bookrunners: | Raymond James, Robert W. Baird & Co. Inc. and Keefe, Bruyette & Woods
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| Co-lead manager: | BB&T Capital Markets and Oppenheimer & Co. Inc..
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| Announcement date: | May 26
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| Pricing date: | May 27
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| Settlement date: | June 2
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| Stock symbol: | Nasdaq: FDUS
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| Stock price: | $15.59 at close May 19
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| Market capitalization: | $247.95 million
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