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Fifth Street Finance Corp. Closes $182.8 Million Of Investments Quarter To Date

WHITE PLAINS, N.Y., March 9, 2011 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) ("Fifth Street") announced today that it has closed $182.8 million and funded $166.4 million of investments thus far during the second fiscal quarter of 2011.

During the second fiscal quarter of 2011, Fifth Street has closed the following transactions to date:

  • On March 8, 2011, Fifth Street closed a $25.0 million senior secured debt facility to support an add-on for a provider of homecare medical products and services. $25.0 million was funded at closing.  
  • On March 4, 2011, Fifth Street closed a $35.0 million senior secured debt facility to support the acquisition of a designer and manufacturer of heavy equipment for oil and gas production. $35.0 million was funded at closing.  
  • On February 1, 2011, Fifth Street closed an $11.5 million senior secured debt facility to support the expansion of credit to an outsourced provider of revenue cycle management services to healthcare providers. $11.5 million was funded at closing.  
  • On February 1, 2011, Fifth Street closed a $35.0 million senior secured debt facility to support the acquisition of a distributor of branded homecare products. $32.9 million was funded at closing.  
  • On January 20, 2011, Fifth Street closed a $10.0 million senior secured debt facility to support the acquisition of an acquirer and operator of specialty pharmaceutical companies. $10.0 million was funded at closing.  
  • On January 14, 2011, Fifth Street closed a $13.3 million senior secured debt facility to support the acquisition of a provider of non-destructive pipe testing services. $11.3 million was funded at closing.  
  • On January 6, 2011, Fifth Street closed a $20.0 million senior secured debt facility to support the acquisition of a manager and administrator of investment products. $11.7 million was funded at closing.  
  • On January 6, 2011, Fifth Street closed a $14.0 million senior secured debt facility to support the acquisition of a provider of outsourced Medicaid eligibility services. $12.0 million was funded at closing.  
  • On January 4, 2011, Fifth Street closed a $19.0 million senior secured debt facility to support the acquisition of a technology-enabled home delivery pharmacy. $17.0 million was funded at closing.

About Fifth Street Finance Corp.

Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Fifth Street Finance Corp.'s investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments.

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