* To use proceeds for investments
* Shares fall 4.3 pct in extended trade
Sept 21 (Reuters) - Business development company Fifth Street Finance Corp said it began a public offering of 4 million common shares and expects to use most of the proceeds to make investments in small and mid-sized companies.
Shares of Fifth Street fell 4.3 percent to $10.69 in trading after the bell. They closed at $11.17 Monday on the New York Stock Exchange.
The company intends to grant the underwriters an option to purchase up to an additional 600,000 shares to cover over-allotments.
Wells Fargo Securities and UBS Investment Bank are the joint book-running managers for the offering, the company said in a statement.
(Reporting by Archana Shankar in Bangalore; Editing by Anil D'Silva) Keywords: FIFTHSTREETFINANCE/ (archana.shankar@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: archana.shankar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Shares fall 4.3 pct in extended trade
Sept 21 (Reuters) - Business development company Fifth Street Finance Corp said it began a public offering of 4 million common shares and expects to use most of the proceeds to make investments in small and mid-sized companies.
Shares of Fifth Street fell 4.3 percent to $10.69 in trading after the bell. They closed at $11.17 Monday on the New York Stock Exchange.
The company intends to grant the underwriters an option to purchase up to an additional 600,000 shares to cover over-allotments.
Wells Fargo Securities and UBS Investment Bank are the joint book-running managers for the offering, the company said in a statement.
(Reporting by Archana Shankar in Bangalore; Editing by Anil D'Silva) Keywords: FIFTHSTREETFINANCE/ (archana.shankar@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: archana.shankar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.