TICC Commences Public Offering of Common Stock
March 15 2012 - 4:05PM
Marketwired
TICC Capital Corp. (the "Company") (NASDAQ: TICC) announced today
that it has commenced a public offering of 4,000,000 shares of its
common stock. In connection with the proposed offering, the Company
intends to grant the underwriters for the offering an option to
purchase up to an additional 600,000 shares of common stock to
cover over-allotments, if any.
Wells Fargo Securities and RBC Capital Markets are acting as
joint book-running managers for the offering. BB&T Capital
Markets, Ladenburg Thalmann & Co. Inc. and JMP Securities are
acting as co-managers.
The Company expects to use the net proceeds from the offering
for general corporate purposes, which may include investing in debt
or equity securities, and other general corporate purposes,
including working capital requirements.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in this offering or
any other securities nor will there be any sale of these securities
or any other securities referred to in this press release in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under
the securities laws of such state or jurisdiction.
The shares will be issued from the Company's
shelf registration statement relating to these securities on file
with and declared effective by the Securities and Exchange
Commission. The offering may be made only by
means of a prospectus and a related prospectus supplement, copies
of which may be obtained, when available, from Wells Fargo
Securities, 375 Park Avenue, New York, NY 10152-4077, Attn: Equity
Syndicate Department, (800) 326-5897 or
cmclientsupport@wellsfargo.com;
or from RBC Capital Markets, LLC, Three World
Financial Center, 200 Vesey Street, 8th Floor, New York, New York
10281, (877) 822-4089. Investors are advised to carefully consider
the investment objectives, risks and charges and expenses of the
Company before investing. The preliminary prospectus supplement and
accompanying prospectus, each of which has been filed with the
Securities and Exchange Commission, contain a
description of these matters and other important information about
the Company and should be read carefully before investing.
About TICC Capital Corp. TICC Capital
Corp. is a publicly traded business development company principally
engaged in providing capital to small to mid-size companies. While
the structures of its financings vary, it looks to invest primarily
in the debt of established businesses. Companies interested in
learning more about financing opportunities should contact Debdeep
Maji at (203) 983-5285.
Forward-Looking Statements This press
release contains forward-looking statements subject to the inherent
uncertainties in predicting future results and conditions,
including statements with regard to the Company's securities
offering and the anticipated use of the net proceed of the
offering. Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans,"
"anticipates," "expects," "estimates" and similar expressions)
should also be considered to be forward-looking statements. Certain
factors could cause actual results and conditions to differ
materially from those projected in these forward-looking
statements. Completion of the securities offering and the terms
thereof are subject to numerous factors, many of which are beyond
the control of the Company, including, without limitation, market
conditions, changes in interest rates, failure of customary closing
conditions and other matters set forth in the Company's prospectus
supplement and accompanying prospectus. These factors are
identified from time to time in our filings with the Securities and
Exchange Commission. We undertake no obligation to update such
statements to reflect subsequent events, except as required by
applicable law.
Contact: Bruce Rubin 203-983-5280 Patrick Conroy
203-983-5282
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