Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
June 26 2013 - 6:01AM
Edgar (US Regulatory)
Filed pursuant to
Rule 497(a)
File No. 333-188280
Rule 482ad
Full Circle Capital Prices Public Offering
of
$18.75 million 8.25% Notes Due 2020
RYE BROOK, NY, June 25, 2013 – Full
Circle Capital Corporation (NASDAQ:FULL) (“Full Circle”) announced that it has priced an underwritten public offering
of $18,750,000 in aggregate principal amount of 8.25% fixed-rate notes due 2020 (the “Notes”). The Notes will mature
on June 30, 2020, and may be redeemed in whole or in part at any time or from time to time at Full Circle’s option on or
after June 30, 2016. Interest will be payable quarterly, beginning September 30, 2013. Full Circle has granted the underwriters
an option to purchase up to an additional $2,812,500 in aggregate principal amount of Notes. The offering is expected to close
on June 28, 2013, subject to customary closing conditions.
Full Circle intends to use the net proceeds
from the offering to repay outstanding indebtedness.
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 and for general corporate purposes.
The Notes are expected to be listed on
the NASDAQ Capital Market and to trade thereon within 30 days of the original issue date under the trading symbol "FULLL."
Ladenburg Thalmann & Co. Inc., a subsidiary
of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), and William Blair & Company, LLC are acting as joint book-running
managers. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB: NHLD), is acting as senior
lead manager. Gilford Securities Incorporated, Maxim Group LLC and MLV & Co. LLC are acting as lead managers. C&Co/PrinceRidge
LLC and Dominick & Dominick LLC are acting as co-managers.
Investors are advised to consider carefully
the investment objective, risks and charges and expenses of Full Circle before investing. The prospectus, dated June 25, 2013,
which will be filed with the Securities and Exchange Commission, contains a description of these matters and other important information
about Full Circle and should be read carefully before investing.
This press release does not constitute
an offer to sell or the solicitation of an offer to buy, nor will there be any sale of, the Notes 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 registration statement relating to
the Notes has been filed with the Securities and Exchange Commission. This offering is being made solely by means of a prospectus,
copies of which may be obtained, when available, from any of the following investment banks: Ladenburg Thalmann & Co. Inc.,
Attn: Syndicate Department, 58 South Service Road, Suite 160, Melville, New York 11747, or by telephone at (800) 573-2541; or William
Blair & Company, LLC, by telephone at 312-236-1600 or via email request: prospectus@williamblair.com.
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 Capital 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 Capital’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. 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.
These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors,
including those described from time to time in Full Circle Capital's filings with the Securities and Exchange Commission. Full
Circle Capital undertakes no duty to update any forward-looking statements to reflect subsequent events.
Company Contact:
|
Investor Relations Contacts:
|
John E. Stuart, CEO
|
Stephanie Prince/Jody Burfening
|
Full Circle Capital Corporation
|
Lippert/Heilshorn & Associates
|
914-220-6300
|
212-838-3777
|
jstuart@fccapital.com
|
sprince@lhai.com
|
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