Fifth Street Asset Management, Inc. is Engaged in Strategic Discussions
June 30 2017 - 9:10AM
Fifth Street Asset Management, Inc. (NASDAQ:FSAM) (“FSAM”) is in
discussions regarding a potential sale transaction regarding its
BDC investment advisory business, which includes the management of
Fifth Street Finance Corp. (NASDAQ:FSC) and Fifth Street Senior
Floating Rate Corp. (NASDAQ:FSFR).
No definitive agreement has been reached and there can be no
assurance that any transaction will result from these
discussions. FSAM does not intend to comment further at this
time and any additional statements will be made if and when
appropriate.
About Fifth Street Asset Management Inc.
Fifth Street Asset Management Inc. (NASDAQ:FSAM) is a nationally
recognized credit-focused asset manager. The firm has approximately
$5 billion of assets under management across two publicly-traded
business development companies, Fifth Street Finance Corp.
(NASDAQ:FSC) and Fifth Street Senior Floating Rate Corp.
(NASDAQ:FSFR), as well as multiple private investment vehicles. The
Fifth Street platform provides innovative and customized financing
solutions to small and mid-sized businesses across the capital
structure through complementary investment vehicles and
co-investment capabilities. With a nearly 20-year track record
focused on disciplined credit investing across multiple economic
cycles, Fifth Street is led by a seasoned management team that has
issued billions of dollars in public equity, private capital and
public debt securities. Fifth Street's national origination
strategy, proven track record and established platform have allowed
the firm to surpass $10 billion of loan commitments since
inception. For more information, please visit
fsam.fifthstreetfinance.com.
Forward-Looking Statements
This press release may contain, and certain oral statements made
by our representatives from time to time may contain,
forward-looking statements, because they relate to future events or
our future performance or financial condition. Forward-looking
statements may include the potential for a transaction, statements
as to the fees charged by FSAM to FSC and FSFR, FSAM’s future
operating results, dividends by FSAM and business prospects of
FSAM. Words such as “believes,” “expects,” “seeks,” “plans,”
“should,” “estimates,” “project,” and “intend” indicate
forward-looking statements, although not all forward-looking
statements include these words. These forward-looking statements
involve risks and uncertainties. Actual results could differ
materially from those implied or expressed in these forward-looking
statements for any reason. Such factors are identified from
time to time in FSAM’s filings with the Securities and Exchange
Commission and include changes in the economy, the financial
markets and future changes in laws or regulations, competitive
conditions in the business development company space and conditions
in FSAM’s operating areas. FSAM undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
CONTACT:
Investor Contact:
Robyn Friedman, Executive Director, Head of Investor Relations
(203) 681-3720
ir-fsam@fifthstreetfinance.com
Media Contact:
James Golden / Aura Reinhard / Andrew Squire
Joele Frank Wilkinson Brimmer Katcher
(212) 355-4449
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