Fidus Investment (FDUS) Prices 2.8M Common Stock Offering at $16.65/Share

November 29, 2016 8:55 AM EST

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Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it has priced a public offering of 2,800,000 shares of common stock in an underwritten public offering. The public offering price was set at $16.65 per share and net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the Company, are expected to be approximately $44.5 million. Fidus has also granted the underwriters an option, exercisable for 30 days, to purchase up to 420,000 additional shares of common stock.

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. The expansion of the Company’s utilization of the SBIC debenture program is subject to approval by the U.S. Small Business Administration.

Raymond James, Robert W. Baird & Co. Incorporated and Keefe, Bruyette & Woods, A Stifel Company, are joint bookrunning managers for the offering. D.A. Davidson & Co., Janney Montgomery Scott LLC, and Oppenheimer & Co. Inc. are co-lead managers for the offering.

The offering is subject to customary closing conditions and is expected to close on December 2, 2016.



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