Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for KCAP Financial, Inc. > News item |
KCAP Financial announces public offering of 4 million common shares
Bookrunners Barclays and Stifel Nicolaus help fund corporate purposes
By Toni Weeks
San Luis Obispo, Calif., Feb. 4 - KCAP Financial, Inc. plans to sell 4 million common shares in a public offering of stock, according to a press release.
Barclays and Stifel, Nicolaus & Co., Inc. are joint bookrunners for the offering. JMP Securities LLC and Janney Montgomery Scott LLC are co-lead managers, and Ladenburg Thalmann & Co. Inc. and Wunderlich Securities, Inc. are co-managers.
Settlement is expected Feb. 8.
Proceeds will be used for general corporate purposes, which include investing in portfolio companies and collateralized loan obligation funds.
New York-based KCAP is an internally managed business-development company that invests in a portfolio of term loans, mezzanine investments and selected equity securities of middle-market companies.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.