FSIC Prices Public Offering of $80 Mln 4.250% Notes Due 2020

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FS Investment ( FSIC ), a business development company, has priced an underwritten public offering of an additional $80 million in aggregate principal amount of its 4.250% unsecured notes due 2020 pursuant to a reopening of such notes.

The newly issued notes are priced at a premium to par at an issue price of 100.531%, plus accrued and unpaid interest from July 15 up to, but not including, the date of delivery of such newly issued notes.

The notes will mature on Jan. 15, 2020 and may be redeemed in whole or in part at FSIC's option at any time at par plus a "make-whole" premium, if applicable. The offering is expected to close on Dec. 8.

FSIC expects to use the net proceeds of this offering to repay outstanding indebtedness.

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

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This article appears in: Investing , ETFs

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