Full Circle Capital Corporation Prices Public Offering of Common Stock
January 14 2014 - 9:13AM
Business Wire
Full Circle Capital Corporation (NASDAQ:FULL) (“Full Circle
Capital”), today announced that it priced a public offering of
1,650,000 shares of its common stock at a public offering price of
$7.13 per share for total gross proceeds of $11,764,500. Full
Circle has also granted the underwriters a 30-day option to
purchase up to 242,300 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 and National
Securities Corporation, a wholly owned subsidiary of National
Holdings, Inc. (OTCBB:NHLD), and Maxim Group LLC are acting as
co-lead 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
January 17, 2014.
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.
Full Circle Capital CorporationJohn E. Stuart, Co-Chief
Executive Officer914-220-6300jstuart@fccapital.comInvestor
Relations:Lippert/Heilshorn & AssociatesStephanie
Prince/Jody Burfening212-838-3777sprince@lhai.com
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