Blackhawk hires Bentley Securities for $250 million private placement

By Devika Patel

Knoxville, Tenn., Aug. 4 - Blackhawk Capital Group BDC, Inc. has retained agent Bentley Securities Corp. to help the company raise up to $250 million in a private placement of equity, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

Under this agreement, Bentley 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 Aug. 4 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.

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