This Day On The Street
Continue to site
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

Garrison Capital Inc. Prices Initial Public Offering

Garrison Capital Inc. (the “Company”) (NASDAQ: GARS) announced today the pricing of the initial public offering of 5,333,334 shares of its common stock at a public offering price of $15.00 per share, raising approximately $80 million in gross proceeds. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 800,000 shares of common stock to cover over-allotments, if any. The Company’s common stock is expected to begin trading on The NASDAQ Global Select Market under the symbol “GARS” on March 27, 2013. Robert W. Baird & Co., Incorporated and Oppenheimer & Co. Inc. are serving as joint book-running managers. William Blair & Company, L.L.C., Janney Montgomery Scott LLC, Stephens Inc. and Wunderlich Securities, Inc. are serving as co-lead managers. J.J.B. Hilliard, W.L. Lyons, LLC, Ladenburg Thalmann & Co. Inc., National Securities Corporation, Capital One Southcoast, Inc. and Natixis Securities Americas LLC are serving as co-managers. The shares are expected to be delivered to investors on April 2, 2013.

The Company plans to invest the net proceeds of the offering in accordance with its investment objective, which is to generate attractive risk-adjusted returns by making investments primarily in debt securities and loans of U.S. based middle-market companies, and for general corporate purposes.

Investors are advised to consider carefully the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus dated March 19, 2013 contains this and other information about the Company and should be read carefully before investing.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. A registration statement relating to these securities has been filed and has been declared effective by the Securities and Exchange Commission on March 26, 2013. This offering is being made solely by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, from either of the following joint book-running managers: Robert W. Baird & Co. Incorporated., Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, telephone: 800-792-2413 or email: ; or Oppenheimer & Co. Inc., Attention: Prospectus Department, 85 Broad Street, 23rd Floor, New York, New York 10004.


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
Only $9.95
14-Days Free
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


Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs