Kohlberg Capital (KCAP) Announces Public Offering of 4.5M Shares of Stock
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Kohlberg Capital Corporation (Nasdaq: KCAP) plans to offer 4,500,000 shares of its common stock in a public offering. In connection with the offering, the company intends to grant the underwriters an option to purchase up to an additional 675,000 shares to cover over-allotments, if any.
Kohlberg Capital Corporation expects to use the net proceeds of this offering for general corporate purposes which include investing in portfolio companies in accordance with its investment objective and strategies.
The joint book-running managers for the Kohlberg Capital Corporation offering are UBS Investment Bank and JMP Securities. The co-managers are BMO Capital Markets Corp, Oppenheimer & Co. Inc. and Stifel, Nicolaus & Company, Incorporated.
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