Full Circle Capital Prices Offering of Common Stock
June 19 2014 - 9:05AM
Business Wire
Full Circle Capital Corporation (NASDAQ:FULL) (“Full Circle
Capital”) announced today that it priced a registered offering of
1,351,352 shares of its common stock at an offering price of $7.40
per share for total gross proceeds of $10,000,005. This offering
was placed directly with certain investors.
The closing of the transaction is subject to customary closing
conditions and the shares are expected to be delivered on or about
June 24, 2014.
Full Circle intends to use the net proceeds from this offering
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 Full Circle Capital Corporation, 800
Westchester Ave., Suite S-620, Rye Brook, NY 10573, or phone: (914)
220-6300. 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 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 website, 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 Stuart, Co-Chief Executive
OfficerGregg J. Felton, Co-Chief Executive
Officer914-220-6300info@fccapital.comInvestor
Relations:Lippert/Heilshorn & AssociatesStephanie
PrinceJody Burfening212-838-3777sprince@lhai.com
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