By James McCandless
San Antonio, Oct. 11 – Fidus Investment Corp. priced a $55 million offering of $25-par notes (Egan-Jones: A-) due Nov. 1, 2024 at par with a coupon of 5.375%, according to a 497A filing with the Securities and Exchange Commission.
There is an $8.25 million greenshoe.
The deal was announced Thursday morning.
Keefe, Bruyette & Woods, Inc. is the bookrunner.
Co-lead managers are BB&T Capital Markets, Janney Montgomery Scott, Ladenburg Thalmann, B. Riley FBR and Oppenheimer & Co.
The notes are redeemable on or after Nov. 1, 2021 at par.
Fidus plan to use the proceeds to repay outstanding debt under its existing credit facility.
The company plans to list the notes on the Nasdaq under the symbol “FDUSG.”
Fidus is an Evanston, Ill.-based lower middle market investment company.
| Issuer: | Fidus Investment Corp.
|
| Description: | Notes
|
| Amount: | $55 million
|
| Greenshoe: | $8.25 million
|
| Maturity: | Nov. 1, 2024
|
| Bookrunner: | Keefe, Bruyette & Woods, Inc.
|
| Co-lead managers: | BB&T Capital Markets, Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., B. Riley FBR, Inc., Oppenheimer & Co. Inc.
|
| Co-manager: | National Securities Corp.
|
| Coupon: | 5.375%
|
| Price: | Par of $25.00
|
| Yield: | 5.375%
|
| Call: | On or after Nov. 1, 2021 at par
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 16
|
| Rating: | Egan-Jones: A-
|
| Distribution: | SEC registered
|
| Listing: | Nasdaq: FDUSG
|
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