Daily News: September 21, 2012

Fifth Street Finance Raises $91 Million With Public Offering


Fifth Street Finance announced that it has closed its public offering of 8,451,486 shares of common stock at a price of $10.79 per share, raising approximately $91.2 million in gross proceeds.

Fifth Street said it intends to use the net proceeds from this offering to repay debt outstanding under its credit facilities. However, through re-borrowing under its credit facilities, it intends to make investments in small and mid-sized companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes.

All shares were offered by Fifth Street. UBS Investment Bank, Goldman Sachs, J.P. Morgan and Wells Fargo Securities acted as lead book-running managers for the offering.

Deutsche Bank Securities, RBC Capital Markets and Stifel Nicolaus Weisel acted as joint book-running managers and Raymond James, Maxim Group and SMBC Nikko acted as co-managers for the offering.