Fidus Prices $100 Million Notes Offering Due 2030
Deal News | Mar 12, 2025 | Fidus Investment Advisors LLC
Fidus Investment Corporation, a player in the lower middle-market segment, has announced the pricing of its $100 million public offering of 6.750% Notes due 2030. These notes are set to mature on March 19, 2030, with options for the company to redeem them at designated intervals before maturity. The interest will be paid semi-annually, starting from September 2025. Raymond James & Associates, along with other financial institutions like Keefe, Bruyette & Woods, and Oppenheimer, are managing the offer. The proceeds from this offering are designated for reducing outstanding borrowings and could later be reinvested under Fidus' strategic plans. Investors are advised to review all related documents filed with the SEC to understand the associated risks and objectives thoroughly. Fidus, which operates as a business development company, mainly funds lower middle-market companies and offers diversified financing solutions.
Sectors
- Investment Services
- Financial Instruments
Geography
- United States – Fidus Investment Corporation primarily invests in U.S.-based lower middle-market companies, and the offering is governed by U.S. regulations.
Industry
- Investment Services – Fidus Investment Corporation provides debt and equity financing solutions, making it part of the investment services industry.
- Financial Instruments – The article details an issuance of public notes, which is a financial instrument.
Financials
- $100 million – Principal amount of the notes being offered.
- 6.750% – Interest rate per annum for the notes due 2030.
- $125.0 million – Outstanding indebtedness under the senior secured revolving credit facility as of March 11, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fidus Investment Corporation | Target | Company | A company providing customized debt and equity financing solutions to lower middle-market companies in the U.S. |
| Raymond James & Associates, Inc. | Book-runner | Company | Investment bank managing the offering. |
| Keefe, Bruyette & Woods, Inc. | Passive Book-runner | Company | Financial services firm acting as a passive book-runner for the offering. |
| Oppenheimer & Co. Inc. | Passive Book-runner | Company | Investment bank acting as a passive book-runner for the offering. |
| ING Financial Markets LLC | Passive Book-runner | Company | Financial institution acting as a passive book-runner for the offering. |
| B. Riley Securities, Inc. | Co-manager | Company | Financial services firm acting as a co-manager for the offering. |
| Ladenburg Thalmann & Co. Inc. | Co-manager | Company | Financial services firm acting as a co-manager for the offering. |