Fidus Investment greenshoe lifts $25-par notes to $63.25 million

By Sarah Lizee

Olympia, Wash., Oct. 23 – Underwriters for Fidus Investment Corp.’s recently priced $25-par notes (Egan-Jones: A-) due Nov. 1, 2024 exercised their greenshoe in full, bringing the total deal size to $63.25 million, according to a press release.

As previously reported, the company had priced $55 million of the notes at par with a coupon of 5.375%.

The deal was announced Oct. 10.

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.

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