Deal conducted by Ladenburg Thalmann slated to fund debt repayment
By Devika Patel
Knoxville, Tenn., Nov. 27 - Full Circle Capital Corp. said it priced a $10.67 million public offering of stock with a $1.6 million greenshoe. The offering was announced Monday.
The company will sell 1.35 million common shares at $7.90 per share. The price per share reflects a 2.71% discount to the Nov. 26 closing share price of $8.12.
Settlement is expected Nov. 30.
Ladenburg Thalmann & Co. Inc. is the lead bookrunning manager.
Proceeds will be used to repay debt under the company's credit facility.
The non-diversified closed-end management investment company is based in Rye Brook, N.Y.
| Issuer: | Full Circle Capital Corp.
|
| Issue: | Common stock
|
| Amount: | $10,665,000
|
| Greenshoe: | $1,599,750
|
| Shares: | 1.35 million
|
| Price: | $7.90
|
| Warrants: | No
|
| Bookrunners: | Ladenburg Thalmann & Co. Inc. (lead), Maxim Group LLC and National Securities Corp.
|
| Announcement date: | Nov. 26
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Stock symbol: | Nasdaq: FULL
|
| Stock price: | $8.12 at close Nov. 26
|
| Market capitalization: | $48.83 million
|
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