Full Circle announces plans for public offering of common shares

Ladenburg Thalmann is lead bookrunner; deal offers 1.6 million shares

By Toni Weeks

San Luis Obispo, Calif., Jan. 13 - Full Circle Capital Corp. said it is arranging a public offering of its common stock, according to a press release. Ladenburg Thalmann & Co. Inc. is the lead bookrunning manager, and Santander Investment Securities Inc. is bookrunning manager.

The company plans to sell 1.6 million shares with a 30-day over-allotment option for an additional 240,000 shares. The price will be determined by negotiations between the company and the underwriters, Full Circle said in the release.

Proceeds will be used to repay debt outstanding under its credit facility, to make investments in new portfolio companies in accordance with its investment objective and strategies and for general corporate purposes.

The Rye Brook, N.Y. closed-end investment company lends to and invests in senior secured loans and, to a lesser extent, mezzanine loans and equity securities issued by lower-middle-market companies from a wide range of industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.