Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
April 04 2017 - 5:29PM
Edgar (US Regulatory)
Filed Pursuant to 497(a)
File No. 333-202672
Rule 482ad
TICC Capital Corp. Prices Public Offering
of
$57.5 Million 6.50% Notes Due 2024
GREENWICH, CT – 04/04/2017 –
TICC Capital Corp. (NasdaqGS: TICC) (the “Company”) today announced that it has priced an underwritten public offering
of $57.5 million in aggregate principal amount of 6.50% unsecured notes due 2024. The notes will mature on March 30, 2024, and
may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after March 30, 2020.
The notes will bear interest at a rate of 6.50% per year payable quarterly on March 30, June 30, September 30, and December
30 of each year, commencing June 30, 2017.
The offering is expected to close on April
12, 2017, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional
$8.625 million in aggregate principal amount of notes. The notes are expected to be listed on the NASDAQ Global Select Market and
to trade thereon within 30 days of the original issue date under the trading symbol “TICCL”.
The Company expects to use the net proceeds
from this offering to repay or repurchase a portion of the outstanding indebtedness under its 7.50% convertible notes due 2017,
which currently amounts to approximately $94.5 million plus accrued interest.
Ladenburg Thalmann & Co. Inc.,
a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), BB&T Capital Markets, a division of BB&T Securities,
LLC, Compass Point and William Blair are acting as joint book-running managers. BTIG, LLC, Maxim Group LLC, and National Securities
Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ:NHLD), are acting as lead managers.
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.
A shelf registration statement relating
to these securities is on file with and has been 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
any of the following investment banks: Ladenburg Thalmann, Attn: Syndicate Department, 277 Park Ave, 26th Floor, New York, NY 10172,
or by emailing prospectus@ladenburg.com (telephone number 1-800-573-2541); BB&T Capital Markets at 901 East Byrd Street, 3rd
Floor, Richmond, VA 23219 Attn: Syndicate Dept. or via email request: prospectusrequests@bbandtcm.com; Compass Point Research &
Trading, LLC 1055 Thomas Jefferson Street NW, Suite 303 Washington, D.C. 20007, or email at syndicate@compasspointllc.com; or William
Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, IL 60606, or by telephone at 1-800-621-0687
or email at prospectus@williamblair.com. The preliminary prospectus supplement, dated April 3, 2017, and accompanying prospectus,
dated January 13, 2017, 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. Investors are advised
to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.
About TICC Capital Corp.
TICC Capital Corp. is a publicly-traded business
development company principally engaged in providing capital to established businesses, investing in syndicated bank loans and
purchasing debt and equity tranches of collateralized loan obligation vehicles.
Filed Pursuant to 497(a)
File No. 333-202672
Rule 482ad
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 proceeds 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.
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 may be required by law.
Contact:
Bruce Rubin
203-983-5280
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