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Fidus Investment Plans to Raise Funds via Unsecured Notes Due 2024 - Stock Up 2%

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Fidus Investment ( FDUS ) said on Tuesday it has started a registered public offering of unsecured notes due 2024 to raise funds to repay its debt under its existing credit facility with ING Capital LLC.

The notes are expected to be listed on Nasdaq under the trading symbol "FDUSZ", and its interest rate and other terms will be set at the time of pricing, the firm said, adding that its outstanding stood at $75.0 million under its credit facility.

Keefe, Bruyette & Woods, a Stifel Company, is the sole bookrunner, with BB&T Capital Markets, Janney Montgomery Scott and Ladenburg Thalmann as co-leads.

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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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