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Fifth Street Finance Corp. Prices Public Offering Of $250 Million 4.875% Unsecured Notes Due 2019

WHITE PLAINS, NY, Feb. 14, 2014 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NASDAQ:FSC) ("Fifth Street") today announced that it priced a public offering of $250 million in aggregate principal amount of its 4.875% unsecured notes due 2019 (the "Notes"). The Notes will mature on March 1, 2019, and may be redeemed in whole or in part at Fifth Street's option at any time or from time to time at par plus a "make-whole" premium. The Notes will bear interest at a rate of 4.875% per year payable semi-annually on March 1 and September 1 of each year, beginning September 1, 2014.

The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about February 26, 2014.

Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC are acting as lead book-running managers for the offering. Deutsche Bank Securities Inc., RBC Capital Markets, LLC and UBS Securities LLC are acting as joint book-running managers, and KeyBanc Capital Markets Inc., Keefe, Bruyette & Woods, Inc., and SMBC Nikko Securities America, Inc. are acting as co-managers for the offering.

Fifth Street intends to use the net proceeds from this offering to repay debt outstanding under one or more of its credit facilities. However, through re-borrowing under its credit facilities, it intends to make investments in small and mid-sized companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus.

The offering is being made pursuant to Fifth Street's existing effective shelf registration statement on Form N-2 previously filed with the Securities and Exchange Commission. The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which, when available, may be obtained from: Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, tel: 866-471-2526, facsimile: 212-902-9316, or e-mail: prospectus-ny@ny.email.gs.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department, tel: 866-718-1649 or prospectus@morganstanley.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, tel: 888-603-5847, or e-mail Barclaysprospectus@broadridge.com; or J.P. Morgan Securities LLC, 383 Madison Ave, New York, NY 10179, Attn: Investment Grade Syndicate Desk, tel: 212-834-4533.

Investors are advised to carefully consider the investment objective, risks, charges and expenses of Fifth Street before investing. The prospectus supplement and accompanying prospectus contain a description of these matters and other important information about Fifth Street and should be read carefully before investing.

This press release does not constitute an offer to sell or a solicitation of an offer to buy nor will there be any sale of the securities 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.

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