Harvest Capital intends to sell $25 million $25-par notes due 2020

By Stephanie N. Rotondo

Phoenix, Jan. 21 – Harvest Capital Credit Corp. will price $25 million of $25-par notes due 2020, according to a prospectus filed with the Securities and Exchange Commission on Wednesday.

Keefe Bruyette & Woods Inc. and Janney Montgomery Scott LLC are the joint bookrunning managers. JMP Securities Inc. and William Blair are co-managers.

There is a $2.5 million over-allotment option.

Interest will be payable on the 16th day of January, April, July and October, beginning April 16. The notes will be redeemable at par plus accrued interest.

The company intends to list the notes on the Nasdaq Global Market under the ticker symbol “HCAPL.”

Proceeds will be used to repay outstanding borrowings under a credit facility.

Harvest Capital is a New York-based business development company.

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