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Published on 7/29/2005 in the Prospect News PIPE Daily.

New Issue: BlackRock Kelso completes $530.4 million private placement of stock

By Sheri Kasprzak

New York, July 29 - BlackRock Kelso Capital Corp. said it has closed a $530.4 million private placement of shares.

The company sold 35.36 million shares at $15.00 each to institutional and accredited investors.

Wachovia Capital Markets, LLC was the placement agent.

Based in New York, BlackRock Kelso is a private equity firm that provides debt and equity capital to mid-market companies.

Issuer:BlackRock Kelso Capital Corp.
Issue:Stock
Amount:$530.4 million
Shares:35.36 million
Price:$15.00
Warrants:No
Placement agent:Wachovia Capital Markets, LLC
Settlement date:July 25

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