TICC Capital’s 6.5% $25-par notes due 2024 list on Nasdaq

By Stephanie N. Rotondo

Seattle, April 17 – TICC Capital Corp.’s $64.37 million of 6.5% $25-par notes due 2024 began trading on the Nasdaq Global Select market on Monday, according to a market source.

The ticker symbol is “TICCL.”

The company initially sold $57.5 million of the notes on April 4, with the deal coming upsized from $50 million. On April 12, TICC said that $6.87 million of its $8,625,000 greenshoe had been exercised, bringing the total amount outstanding to $64.37 million.

Ladenburg Thalmann & Co. Inc., BB&T Capital Markets, Compass Point and William Blair & Co. were the joint bookrunners. Maxim Group LLC and National Securities Corp. were the lead managers.

Interest will be payable on the 30th day of March, June, September and December, beginning June 30. The notes become redeemable on March 30, 2020 at par plus accrued interest.

Proceeds will be used to repay or repurchase a portion of the company’s $94.5 million outstanding 7.5% convertible notes coming due Nov. 1.

TICC is a Greenwich, Conn.-based business development company.

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