Garrison Capital announced the pricing of the initial public offering of 5,333,334 shares of its common stock at a public offering price of $15.00 per share, raising approximately $80 million in gross proceeds.

In addition, the company granted the underwriters a 30-day option to purchase up to an additional 800,000 shares of common stock to cover over-allotments, if any. The company’s common stock began trading on The NASDAQ Global Select Market under the symbol GARS.

Robert W. Baird & Co. and Oppenheimer & Co. served as joint book running managers. William Blair & Company, Janney Montgomery Scott, Stephens Inc. and Wunderlich Securities served as co-lead managers. J.J.B. Hilliard, W.L. Lyons, LLC, Ladenburg Thalmann & Co., National Securities Corporation, Capital One Southcoast and Natixis Securities Americas served as co-managers. The shares are expected to be delivered to investors on April 2, 2013.

The company plans to invest the net proceeds of the offering in accordance with its investment objective, which is to generate attractive risk-adjusted returns by making investments primarily in debt securities and loans of U.S.-based middle-market companies, and for general corporate purposes.

Garrison Capital is a business development company that primarily invests in loans to U.S.-based middle-market companies.

Garrison Investment Group is an alternative investment and asset management firm.