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Published on 2/11/2013 in the Prospect News PIPE Daily.

TICC greenshoe fully exercised for $65.53 million public sale of stock

Barclays assists in raising funds for general corporate purposes

By Devika Patel

Knoxville, Tenn., Feb. 11 - TICC Capital Corp. said it the underwriters for a public sale of stock elected to exercise the deal's $8.55 million greenshoe in full for total proceeds of $65.53 million. The deal, announced Feb. 5, priced for $56.98 million on Feb. 6.

The company sold 6,325,000 shares at $10.36 apiece. The price per share is a 2.54% discount to the Feb. 5 closing share price of $10.63. Of the shares, 825,000 were part of the greenshoe.

Barclays was the bookrunner.

Proceeds will be used for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.

The specialty finance company is based in Greenwich, Conn.

Issuer:TICC Capital Corp.
Issue:Common shares
Amount:$65,527,000 (including $8,547,000 greenshoe)
Shares:6,325,000
Price:$10.36
Warrants:No
Bookrunner:Barclays
Manager:Stifel, Nicolaus & Co., Inc. (lead)
Co-managers:Ladenburg Thalmann & Co. Inc., JMP Securities LLC and BB&T Capital Markets
Announcement date:Feb. 5
Pricing date:Feb. 6
Settlement date:Feb. 11
Stock symbol:Nasdaq: TICC
Stock price:$10.63 at close Feb. 5
Market capitalization:$428.19 million

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