Fidus Investment Commences Public Offering

Shutterstock photo

Fidus Investment ( FDUS ) said Monday that it commenced a registered underwritten public offering of 1.5 million shares of its common stock.

The company also plans to grant the underwriters a 30-day option to purchase an additional 225,000 shares of its common stock at the public offering price.

The company intends to use the net proceeds of this public offering to make investments in lower middle-market companies in accordance with its investment objective and strategies, to repay the outstanding indebtedness under its credit facility, to increase borrowing capacity under the Small Business Investment Company (SBIC) debenture program, and for working capital and general corporate purposes.

Shares were last up 1% at the close on Monday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , ETFs

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Research Brokers before you trade

Want to trade FX?

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by