Fidus greenshoe exercise increases 6% $25-par notes to $69 million

By Angela McDaniels

Tacoma, Wash., Feb. 19 – The underwriters of Fidus Investment Corp.’s 6% five-year $25-par notes exercised their $9 million over-allotment option in full, increasing the size of the issue to $69 million from $60 million.

The notes priced at par on Feb. 5 and began trading on the Nasdaq Global Select Market under the symbol “FDUSZ” on Feb. 11.

Keefe, Bruyette & Woods Inc. was the bookrunner. BB&T Capital Markets, Janney Montgomery Scott LLC and Ladenburg Thalmann & Co. Inc. were co-lead managers.

The notes are callable at par after two years.

Fidus plans to use the proceeds to repay debt under its credit facility with ING Capital LLC. As of Feb. 4, the company had $75 million of debt outstanding under the credit facility.

Fidus is an Evanston, Ill.-based externally managed, closed-end, non-diversified management investment company.

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