Oaktree Capital Group signed an asset purchase agreement to become the new investment adviser to Fifth Street Finance and Fifth Street Senior Floating Rate.
Fifth Street Senior Floating Rate closed a $25 million senior secured revolving credit facility with East West Bank.
Fifth Street Asset Management said Steven Noreika was promoted to chief financial officer of Fifth Street Finance and Fifth Street Senior Floating Rate, effective immediately.
Fifth Street Senior Floating Rate closed a $309 million debt securitization transaction.
FSFR closed a $175 million senior revolver with Citibank. The facility has a three-year reinvestment period and a final maturity of January 2020.
Fifth Street Finance and Fifth Street Senior Floating Rate co-invested in a $195 million one-stop financing facility and an equity in conjunction with Veritas Capital’s acquisition of BeyondTrust.
Fifth Street Finance and Fifth Street Senior Floating Rate received an exemptive order from the SEC that allows the FSC and FSFR to participate in negotiated co-investment transactions with certain affiliates.
Fifth Street Senior Floating Rate announced that its board of directors promoted Ivelin M. Dimitrov to CEO from president and chief investment officer, while also appointing him as a member of the board of directors.
Fifth Street Senior Floating Rate said it closed a public offering of common stock shares at the public offering for total proceeds of $294 million. The company said the proceeds will be used to repay debt.
Fifth Street Senior Floating Rate announced its board of directors promoted several members of its management team, including Ivelin M. Dimitrov to president.