By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – SuRo Capital Corp. priced $70 million of 6% five-year $25-par notes on Thursday, according to a press release.
The offering will include a 30-day greenshoe for $10.5 million.
Ladenburg Thalmann & Co. Inc., InspereX LLC and Barrington Research Associates, Inc. are the underwriters.
The notes are callable after three years.
The company has applied for the notes to be listed on the Nasdaq Global Market under the symbol “SSSSL.”
The company said it intends to use proceeds to make investments in portfolio companies and for general corporate purposes.
SuRo seeks to invest in high-growth venture-backed private companies. The investment fund is based in San Francisco.
Issuer: | SuRo Capital Corp.
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Amount: | $70 million
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Greenshoe: | $10.5 million
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Issue: | $25 par notes
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Maturity: | Dec. 30, 2026
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Underwriters: | Ladenburg Thalmann & Co. Inc., InspereX LLC and Barrington Research Associates, Inc.
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Coupon: | 6%
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Call option: | Starting Dec. 30, 3024
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Pricing date: | Dec. 9
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Settlement date: | Dec. 17
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Symbol: | Nasdaq: SSSSL
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