Fidus Investment Corporation Prices Public Offering Of Common Stock

EVANSTON, Ill., Nov. 29, 2016 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) ("Fidus" or the "Company") today announced that it has priced a public offering of 2,800,000 shares of common stock in an underwritten public offering.  The public offering price was set at $16.65 per share and net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the Company, are expected to be approximately $44.5 million.  Fidus has also granted the underwriters an option, exercisable for 30 days, to purchase up to 420,000 additional shares of common stock.

The Company intends to use the net proceeds of this public offering to make investments in lower middle-market companies in accordance with its investment objective and strategies, to repay the outstanding indebtedness under its credit facility, to increase borrowing capacity under the Small Business Investment Company ("SBIC") debenture program, and for working capital and general corporate purposes.  The expansion of the Company's utilization of the SBIC debenture program is subject to approval by the U.S. Small Business Administration.

Raymond James, Robert W. Baird & Co. Incorporated and Keefe, Bruyette & Woods, A Stifel Company, are joint bookrunning managers for the offering. D.A. Davidson & Co., Janney Montgomery Scott LLC, and Oppenheimer & Co. Inc. are co-lead managers for the offering.

The offering is subject to customary closing conditions and is expected to close on December 2, 2016.

The shares will be sold pursuant to a shelf registration statement on Form N-2 that has been filed with, and has been declared effective by, the U.S. Securities and Exchange Commission.  Investors should carefully consider, among other things, the Company's investment objective and strategies, charges, expenses and the risks related to Fidus and the offering before investing. The final prospectus supplement dated November 29, 2016, including the base prospectus dated May 2, 2016, contains risk factors and other information about Fidus. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained from Raymond James, 880 Carillon Parkway, St. Petersburg, Florida 33716.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares in this offering or any other securities 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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