Fifth Street Receives Co-Investment Exemptive Order from SEC

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 Appoints Castro-Blanco to Board

Fifth Street Finance announced James Castro-Blanco was appointed as an independent director. His appointment brings the Board of Directors back to eight directors, five of whom are independent.

ING Capital Leads Fifth Street Finance Facility Expansion

Fifth Street Finance announced an incremental commitment from an existing lender to its syndicated bank credit facility led by ING Capital.

Fifth Street Finance Promotes Petrocelli to CFO

Fifth Street Finance announced its board has promoted a member of FSC’s management team, Richard A. Petrocelli, to chief financial officer, replacing Alexander C. Frank who is stepping down.

Fifth Street Finance Commences Public Offering

Fifth Street Finance announced it has commenced a public offering of shares of its common stock. FSC said it intends to use the proceeds to repay debt outstanding under its credit facilities.

Fifth Street Finance Funds $156.5MM Portfolio

Fifth Street Finance announced that Senior Loan Fund JV 1 initially invested $156.5 million out of its anticipated investment capacity of approximately $300 million in a diversified portfolio of senior secured loans.

Fifth Street and Kemper Launch Senior Loan Fund JV I

Fifth Street Finance announced it has formed a joint venture with Trinity Universal Insurance Company, a subsidiary of Kemper Corporation, to create Senior Loan Fund JV I, a middle market investor.

Fifth Street Finance Expands ING-Led Facility to $670MM

Fifth Street Finance announced the addition of a new lender and incremental commitment from an existing lender to its syndicated bank credit facility led by ING Capital, increasing the facility from $20 million to $670 million.

Fifth Street Receives Improved S&P Rating Outlook

Fifth Street Finance announced that S&P has revised FSC’s outlook to “positive” from “stable,” citing the company’s consistent performance, focus on senior secured lending and the continued diversification of its funding sources.

Fifth Street Finance Closes $467MM in Gross Originations in March

Fifth Street Finance said it released its April 2014 newsletter. Highlights include an active first quarter, recent strategic partnerships updates and venture lending portfolio growth.