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Fifth Street Finance Archive
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Fifth Street Finance Raises New Equity
January 24, 2012: Here’s the window of opportunity that Business Development Companies (“BDCs”) dream of. After six months of turmoil for BDC stocks, we’ve been in rally mode for the past month. Prices are up and are now, just 10% down from June 2011 levels.... -
ANALYSIS: BDC Earnings Season Round The Corner. What We Expect In Broad Brush Terms.
October 10, 2011: It’s that time again: almost. We’re talking about earnings season for the Business Development Company (“BDC”) industry. Companies have been issuing press releases setting dates and times of earnings releases and the attendant conference calls. In a few weeks there will be... -
Benefits And Disadvantages of Fifth Street Finance’s New Convertible Debt.
April 8, 2011: Yesterday, mid-range Business Development Company Fifth Street Finance (ticker: FSC) announced the private placement of $150mn of Convertible Senior Notes. The coupon is 5.375%, and the maturity is five years out in 2016. With the $22.5mn add-on offering, Fifth Street could raise...
