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TICC Capital greenshoe exercised, ups convertible sale to $105 million
By Tali David
Minneapolis, Sept. 26 - Underwriters for TICC Capital Corp.'s 7.5% senior convertible note offering partially exercised their over-allotment option for $5 million, increasing the size of the issue to $105 million, according to a press release.
The company priced $100 million of the five-year convertibles on Sept. 20.
As previously reported, the Rule 144A offering had a $15 million over-allotment option and was sold via Barclays as bookrunner and Ladenburg Thalmann as co-manager.
Proceeds will be used for general corporate purposes, which may include investments in corporate debt, equity securities and structured finance vehicles.
TICC is a business development company focused on small and mid-size companies and is based in Greenwich, Conn.
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