Full Circle Capital Corporation Announces Public Offering of Common Stock
January 13 2014 - 5:06PM
Business Wire
Full Circle Capital Corporation (NASDAQ:FULL) (“Full Circle
Capital”), today announced that it has commenced a public offering
of 1,600,000 shares of its common stock. The public offering price
of the common stock is to be determined by negotiations between
Full Circle and the underwriters. Full Circle also plans to grant
the underwriters a 30-day option to purchase up to 240,000
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. Santander Investment Securities Inc.
is acting as bookrunning manager for the offering.
Full Circle intends to use the net proceeds from this offering
to repay debt outstanding under its credit facility, 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, or by emailing syndicate@ladenburg.com (telephone
number 1-800-573-2541). 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 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 (Nasdaq:FULL). Full Circle Capital
lends to and invests in senior secured loans and, to a lesser
extent, mezzanine loans and equity securities issued by 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. For additional information visit the
company’s web site www.fccapital.com.
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 made herein.
Company:Full Circle Capital CorporationJohn E. Stuart,
914-220-6300Co-Chief Executive
Officerjstuart@fccapital.comorInvestor
Relations:Lippert/Heilshorn & AssociatesStephanie
Prince/Jody Burfening, 212-838-3777sprince@lhai.com
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Sep 2023 to Sep 2024