TICC Announces Pricing of Public Offering of Common Stock
(firmenpresse) - GREENWICH, CT -- (Marketwire) -- 02/06/13 -- TICC Capital Corp. (the "Company") (NASDAQ: TICC) announced today that it has priced a public offering of 5,500,000 shares of its common stock at a public offering price of $10.36 per share for total gross proceeds of approximately $57 million. The closing of the offering is subject to customary closing conditions and is expected to take place on February 11, 2013. The Company has granted the underwriters an option to purchase up to an additional 825,000 shares of common stock.
Barclays Capital Inc. is acting as the sole book-running manager for the offering. Stifel, Nicolaus & Company, Incorporated is acting as lead manager for the offering and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), JMP Securities LLC and BB&T Capital Markets, a division of BB&T Securities, LLC, are acting as co-managers for the offering.
The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments in corporate debt and equity securities and investments in structured finance vehicles.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
TICC Capital Corp. is a publicly-traded business development company principally engaged in providing capital to established small and mid-size companies, investing in syndicated bank loans and purchasing debt and equity tranches of collateralized loan obligations. Companies interested in learning more about financing opportunities should contact Debdeep Maji at (203) 983-5285.
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the Company's securities offering and the anticipated use of the net proceeds of the offering. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. Completion of the securities offering and the terms thereof are subject to numerous factors, many of which are beyond the control of the Company, including, without limitation, market conditions, changes in interest rates, failure of customary closing conditions and other matters set forth in the Company's prospectus supplement and accompanying prospectus. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as required by applicable law.
Contact:
Bruce Rubin
203-983-5280
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Datum: 06.02.2013 - 08:09 Uhr
Sprache: Deutsch
News-ID 1194325
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Venture Capital
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