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Fifth Street Finance To Sell 10M Shares

Fifth Street Finance will offer 10 million shares of its common stock to the public.

    Fifth Street Financewill offer 10 million shares of its common stock to the public. The company will also award its underwriters an option to purchase an additional 1.5 million shares to cover any over-allotments.

    Wells Fargo Securities,Morgan Stanley,UBS Investment Bank,Deutsche BankSecuritiesandRBC Capital Marketsare the joint book-running managers for the sale. The proceeds from the share sale are expected to be used by the lender to invest in small and mid-sized companies and repay its outstanding indebtedness.

    Click here for the release fromGlobe Newswire.

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