debt
confidence high
sentiment neutral
materiality 0.50
Fidus Investment issues $100M of 6.750% Notes due 2030 to repay credit facility
FIDUS INVESTMENT Corp
- Issued $100M aggregate principal of 6.750% Notes due March 19, 2030; interest payable semi-annually.
- Net proceeds used to repay outstanding borrowings under senior secured revolving credit facility with ING Capital.
- Notes are unsecured, rank pari passu with existing 4.75% and 3.50% notes due 2026.
- Redeemable at company's option prior to Sept 19, 2029 at Treasury rate plus 50 bps; thereafter at par.
- Holders have put right at 100% of principal plus accrued interest upon a Change of Control Repurchase Event.