Full Circle Capital Corporation Prices Public Offering of Common Stock
November 27 2012 - 8:59AM
Business Wire
Full Circle Capital Corporation (NASDAQ: FULL) ("Full Circle")
today announced that it priced a public offering of 1,350,000
shares of its common stock at a public offering price of $7.90 per
share for total gross proceeds of $10,665,000. Full Circle has also
granted the underwriters a 30-day option to purchase up to 202,500
additional shares of common stock on the same terms and conditions
to cover over-allotments, if any.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE MKT: LTS), is acting as the
lead bookrunning manager and representative of the several
underwriters for the offering. Maxim Group LLC and National
Securities Corporation, a wholly owned subsidiary of National
Holdings, Inc. (OTCBB:NHLD), are acting as joint bookrunning
managers for the offering.
The closing of the transaction is subject to customary closing
conditions and the shares are expected to be delivered on or about
November 30, 2012.
Full Circle intends to use the net proceeds from this offering
to repay debt outstanding under its credit facility. However,
subsequent to such repayment, it intends to borrow additional
amounts under its credit facility to make investments in new
portfolio companies in accordance with its investment objective and
strategies described in the prospectus supplement and accompanying
prospectus and for general corporate purposes.
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.
This offering is being made pursuant to Full Circle’s shelf
registration statement relating to such securities on file with and
declared effective by the Securities and Exchange Commission.
This offering may be made only by means of a prospectus and a
related prospectus supplement, copies of which may be obtained,
when available, from Ladenburg Thalmann & Co. Inc.,
Attn: Syndicate Department, 58 South Service Road, Suite 160,
Melville, NY 11747, (telephone number 631-270-1600). Investors are
advised to carefully consider the investment objectives, risks and
charges and expenses of Full Circle before investing. The
prospectus supplement and accompanying prospectus contain a
description of these matters and other important information about
Full Circle and should be read carefully before investing.
About Full Circle Capital
Full Circle Capital Corporation (Nasdaq: FULL) is a Rye Brook,
New York based closed-end investment company that has elected to be
treated as a business development company under the Investment
Company Act of 1940. Full Circle lends to and invests in senior
secured loans and, to a lesser extent, mezzanine loans and equity
securities issued by smaller and lower middle-market companies that
operate in a diverse range of industries. Full Circle’s investment
objective is to generate both current income and capital
appreciation through debt and equity investments.
Forward-Looking Statements
This press release contains forward-looking statements which
relate to future events or Full Circle Capital's future performance
or financial condition, including statements with regard to the
anticipated use of the net proceeds of this 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 Full Circle’s filings with the
Securities and Exchange Commission. Full Circle undertakes no
obligation to update such statements to reflect subsequent
events.
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From May 2024 to Jun 2024
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Jun 2023 to Jun 2024