Home » best stock today » Fifth Street Finance Corp. (FSC) common stock prices per share

Monday, January 23, 2012

Fifth Street Finance Corp. (FSC) common stock prices per share

Fifth Street Finance Corp. (FSC) common stock prices per share : Fifth Street Finance Corp. (FSC) announced that it priced a public offering of 10 million shares of its common stock. All shares are being offered by Fifth Street. Credit Suisse and RBC Capital Markets are acting as joint book-running managers for the offering. On January 20, 2012, the last reported sales price of Fifth Street's common stock on The NASDAQ Global Select Market was $10.56 per share.

The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on or about January 26, 2012. Fifth Street has also granted the underwriters an option to purchase up to an additional 1.50 million shares of common stock to cover over-allotments, if any.

Fifth Street said that it intends to use substantially all of the net proceeds from this offering to make investments in small and mid-sized companies and accompanying prospectus and for general corporate purposes.

Fifth Street noted that it may also use a portion of the net proceeds from this offering to repay its outstanding indebtedness. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)