Blackhawk engages Lombardi for $250 million equity private placement

By Devika Patel

Knoxville, Tenn., July 27 - Blackhawk Capital Group BDC, Inc. has retained agent Lombardi & Co., Inc. to help the company raise up to $250 million in a private placement of equity, according to an 8-K filed Monday with the Securities and Exchange Commission.

Under this agreement, Lombardi will solicit prospective investors for Blackhawk and may sell up to 50 million shares at $5.00 apiece.

The 180-day agent agreement runs from July 27, but may be extended.

The agent will be paid a 5% fee on any shares sold.

Blackhawk is a New York-based business development company.

© 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.