Fifth Street Finance Corp. Agrees to Acquisition of Healthcare Finance Group, LLC
May 8, 2013| WHITE PLAINS, N.Y., May 8, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NASDAQ:FSC) ("Fifth Street") today announced that it has entered into a definitive agreement to acquire Healthcare Finance Group, LLC ("HFG") as a portfolio company. HFG is a specialty lender providing asset-based lending and term loan products to the healthcare industry. Since its founding, HFG has financed in excess of $21 billion in receivables.
To effect the acquisition, Fifth Street anticipates investing app... |
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Fifth Street Finance Corp. Declares Monthly Dividends of 9.58 Cents Per Share
May 8, 2013| WHITE PLAINS, N.Y., May 8, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that its Board of Directors declared monthly dividends for the next three months through August of 2013.
The following table reflects the per share dividends which the Board of Directors declared on May 6, 2013:
Record Date
Payment Date
Amount
June 14, 2013
June 28, 2013
$0.0958
... |
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Fifth Street Finance Corp. Announces Quarter Ended March 31, 2013 Financial Results
May 8, 2013| WHITE PLAINS, N.Y., May 8, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street" or "we") announces its financial results for the second fiscal quarter ended March 31, 2013.
Second Fiscal Quarter 2013 Financial Highlights
Net investment income for the quarter ended March 31, 2013 was $29.3 million or $0.28 per share, as compared to $22.8 million or $0.29 per share for the quarter ended March 31, 2012;
Net asset value per share was $9.90 as of M... |
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Fifth Street Finance Corp. Announces Partial Exercise of Option to Purchase Additional Shares of Common Stock
April 26, 2013| WHITE PLAINS, N.Y., April 26, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced the partial exercise of the option granted to the underwriters to purchase additional shares of Fifth Street's common stock in connection with its previously announced public offering of 13,500,000 shares, which closed on April 15, 2013. In connection with the exercise of this option, Fifth Street issued 935,253 additional shares of its common stock at a public offering... |
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Fifth Street Finance Corp. Schedules Quarterly Earnings Release for the Period Ended March 31, 2013
April 16, 2013| WHITE PLAINS, N.Y., April 16, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") announced today that it plans to report earnings for the quarter ended March 31, 2013 after the financial markets close on Wednesday, May 8, 2013.
Fifth Street will hold a conference call at 11:00 a.m. (Eastern Time) on Thursday, May 9, 2013 to discuss its quarterly financial results. All interested parties are welcome to participate. Domestic callers can access the conference call... |
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Fifth Street Finance Corp. Raises $146.5 Million in Gross Proceeds in Connection With Public Offering of Common Stock
April 15, 2013| WHITE PLAINS, N.Y., April 15, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced the closing of its public offering of 13,500,000 shares of its common stock at a public offering price of $10.85 per share for total gross proceeds of $146,475,000. Fifth Street has also granted the underwriters an option to purchase up to 2,025,000 additional shares of common stock. Fifth Street intends to use the net proceeds from this offering to repay debt outstandi... |
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Fifth Street Finance Corp. Prices Public Offering of Common Stock
April 11, 2013| WHITE PLAINS, N.Y., April 11, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that it priced a public offering of 13,500,000 shares of its common stock at a public offering price of $10.85 per share for total gross proceeds of $146,475,000. All shares are being offered by Fifth Street. Morgan Stanley, Barclays, Deutsche Bank Securities, Goldman, Sachs & Co. and Wells Fargo Securities are acting as lead book-running managers for the offering, ... |
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Fifth Street Finance Corp. Commences Public Offering of Common Stock
April 10, 2013| WHITE PLAINS, N.Y., April 10, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that it has commenced a public offering of 13,500,000 shares of its common stock. Fifth Street plans to grant the underwriters for the offering an option to purchase up to an additional 2,025,000 shares of common stock. All shares will be offered by Fifth Street. Morgan Stanley, Barclays, Deutsche Bank Securities, Goldman, Sachs & Co. and Wells Fargo Securities will... |
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Fifth Street Finance Corp. Continues to Flex its Balance Sheet, Financing Two Separate Transactions Each in Excess of $100 Million
April 4, 2013| WHITE PLAINS, N.Y., April 4, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that it has provided two separate one-stop financing facilities during the quarter ended March 31, 2013 – each over $100 million.
Both large transactions supported private equity sponsors with whom Fifth Street has built long-standing relationships. One sponsor refinanced the existing credit facilities of a top healthcare technology firm. The other completed a divide... |
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Fifth Street Finance Corp. Prices Public Offering of $75 Million 6.125% Senior Unsecured Notes Due 2028
March 27, 2013| WHITE PLAINS, N.Y., March 27, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that it priced a public offering of $75 million in aggregate principal amount of its 6.125% senior unsecured notes due 2028 (the "Notes"). The Notes will mature on April 30, 2028, and may be redeemed in whole or in part at any time or from time to time at Fifth Street's option on or after April 30, 2018. The Notes will bear interest at a rate of 6.125% per year payable ... |
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Fifth Street Finance Corp. Locks $32 Million of SBIC Debentures at an Interest Rate of 2.351% Per Annum for 10 Years
March 25, 2013| WHITE PLAINS, N.Y., March 25, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that Fifth Street Mezzanine Partners V, L.P., its second SBIC subsidiary (the "SBIC Subsidiary"), had the pricing fixed on $32 million of its outstanding debentures at a rate of 2.351% per annum for 10 years. As a result, the total debentures outstanding in connection with both of Fifth Street's SBIC licenses increased to $182 million with a blended coupon of 3.355%. Th... |
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Fifth Street Finance Corp. Releases Its Newsletter for March 2013
March 19, 2013| WHITE PLAINS, N.Y., March 19, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) released its March 2013 newsletter today.
Building the Platform
Investors seemed to shrug off the mandatory spending cuts included in the Budget Control Act of 2011 as equity markets flirted with record highs and credit markets held relatively steady. The stock market appears to be benefiting from a liquidity-driven rally as investors shift from lower risk to higher risk assets. Similar trends ... |
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Fifth Street Finance Corp. Announces Quarter Ended December 31, 2012 Financial Results
February 6, 2013| WHITE PLAINS, N.Y., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street" or "we") announces its financial results for the first fiscal quarter ended December 31, 2012.
First Fiscal Quarter 2013 Financial Highlights
Net investment income for the quarter ended December 31, 2012 was $26.6 million or $0.28 per share, as compared to $21.0 million or $0.29 per share for the quarter ended December 31, 2011;
Net asset value per share was $9.88... |
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Fifth Street Finance Corp. Releases Its Newsletter for January 2013
January 17, 2013| WHITE PLAINS, N.Y., Jan. 17, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) released its January 2013 newsletter today.
Record December Quarter Originations Cap a Solid Year
The Fifth Street team was busy through the end of 2012, closing with a new quarterly origination record and capping an eventful year. Vacations were postponed as we worked to close and fund transactions for our borrowers' year-end deadlines. As we expected all year, the potential for higher tax rat... |
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Fifth Street Finance Corp. Declares Monthly Dividends of 9.58 Cents Per Share
January 15, 2013| WHITE PLAINS, N.Y., Jan. 15, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that its Board of Directors declared monthly dividends for the next three months through May of 2013.
The following table reflects the per share dividends which the Board of Directors declared on January 14, 2013:
Record Date
Payment Date
Amount
March 15, 2013
March 29, 2013
... |
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Fifth Street Finance Corp. Schedules Quarterly Earnings Release for the Period Ended December 31, 2012
January 15, 2013| WHITE PLAINS, N.Y., Jan. 15, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") announced today that it plans to report earnings for the quarter ended December 31, 2012 after the financial markets close on Wednesday, February 6, 2013.
Fifth Street will hold a conference call at 11:00 a.m. (Eastern Time) on Thursday, February 7, 2013 to discuss its quarterly financial results. All interested parties are welcome to participate. Domestic callers can access the con... |
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Fifth Street Finance Corp. Expands Its Syndicated Bank Credit Facility to $415 Million by Adding Two New Lenders
January 8, 2013| WHITE PLAINS, N.Y., Jan. 8, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") announced today that two new lenders joined its syndicated bank credit facility led by ING Capital LLC, increasing the facility size by $35 million to $415 million from $380 million. With the addition of the two new lenders, the syndicated bank credit facility includes 12 lenders, matures on November 30, 2016 and has an accordion feature allowing for potential future expansion up to $600... |
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Fifth Street Finance Corp. Closes $422 Million of Investments, Establishing a New Quarterly Record
January 3, 2013| WHITE PLAINS, N.Y., Jan. 3, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that it closed $422 million of investments during the first fiscal quarter ended December 31, 2012. Of these investments, $391 million were funded at closing. Fifth Street also received $94 million due to refinancings, partial refinancings and sales of portfolio investments during the quarter. As a result, the investment portfolio grew by $297 million, an increase of 23% ... |
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