Daily News: January 23, 2012

Fifth Street Finance Commences Public Offering of Common Stock

Fifth Street Finance Corp. announced that it has commenced a public offering of ten million shares of its common stock. Fifth Street plans to grant the underwriters for the offering an option to purchase up to an additional 1.5 million shares of common stock. All shares will be offered by Fifth Street. Credit Suisse and RBC Capital Markets will act as joint bookrunning managers for the offering.

Fifth Street intends to use substantially all of the net proceeds from this offering 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. Fifth Street may also use a portion of the net proceeds from this offering to repay its outstanding indebtedness.

Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small- and mid-sized companies, primarily in connection with investments by private equity sponsors.