FDUS Launches $100M Note Offering to Redeem Existing Debt
Fidus Investment Corporation (FDUS) has launched an underwritten public offering of an additional $100 million aggregate principal amount of 6.750% notes due 2030. The offering is expected to close on October 3, 2025, subject to customary closing conditions.
The preliminary prospectus supplement dated October 1, 2025, the pricing term sheet dated October 1, 2025, and the accompanying prospectus dated May 8, 2024, have been filed with the Securities and Exchange Commission (SEC). The Company plans to use the net proceeds to redeem in full the outstanding 4.75% notes due 2026. The Notes will mature on March 19, 2030, and may be redeemed at the Company's option at any time prior to September 19, 2029 at par plus a 'make-whole' premium, and at par thereafter. Upon issuance, the outstanding aggregate principal amount of the Company's 6.750% notes due 2030 will be $200 million. The Notes will have the same terms as the $100 million in aggregate principal amount of the 6.750% notes due 2030 that the Company initially issued on March 19, 2025. B. Riley Securities, Inc. and Clear Street LLC are acting as co-managers, while Keefe, Bruyette & Woods, A Stifel Company and Oppenheimer & Co. Inc. are acting as lead managers for this offering. Raymond James & Associates, Inc. and ING Financial Markets LLC are acting as book-runners.
Fidus Investment Corporation's latest offering aims to raise an additional $100 million, with proceeds intended for redeeming existing notes. The offering, subject to customary closing conditions, is expected to finalize on October 3, 2025.
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