This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs