WHITE PLAINS, N.Y., March 25, 2013 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that Fifth Street Mezzanine Partners V, L.P., its second SBIC subsidiary (the "SBIC Subsidiary"), had the pricing fixed on $32 million of its outstanding debentures at a rate of 2.351% per annum for 10 years. As a result, the total debentures outstanding in connection with both of Fifth Street's SBIC licenses increased to $182 million with a blended coupon of 3.355%. The SBIC Subsidiary has $43 million of available debenture capacity remaining out of the $75 million of debentures permitted.
About Fifth Street Finance Corp.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Fifth Street Finance Corp.'s investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments.
Forward-Looking Statements
This press release may contain certain forward-looking statements, including statements with regard to the future performance of Fifth Street Finance Corp. Words such as "believes," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and these factors are identified from time to time in Fifth Street Finance Corp.'s filings with the Securities and Exchange Commission. Fifth Street Finance Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.