Company offers 4 million shares; deal also has a $12 million greenshoe
By Devika Patel
Knoxville, Tenn., Sept. 25 - Capitala Finance Corp. said it priced its $80 million initial public offering of stock with a $12 million greenshoe.
The company will sell 4 million common shares at $20.00 apiece.
Deutsche Bank Securities, UBS Investment Bank and Barclays are the joint bookrunning managers.
Settlement is expected Sept. 30.
Proceeds will be used to make investments in privately held smaller and lower middle-market companies and for general working capital purposes.
The business development company is based in Charlotte, N.C. It expects its shares to trade on the Nasdaq under the symbol "CPTA."
Issuer: | Capitala Finance Corp.
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Issue: | Common stock
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Amount: | $80 million
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Greenshoe: | $12 million
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Shares: | 4 million
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Price: | $20.00
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Warrants: | No
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Bookrunners: | Deutsche Bank Securities, UBS Investment Bank and Barclays
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Co-lead managers: | BB&T Capital Markets, Oppenheimer & Co., Janney Montgomery Scott, Stephens Inc. and Wunderlich Securities
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Stock symbol: | Nasdaq: CPTA
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