BB&T Capital Markets Serves as a Co-Manager on Fidus Investment Corporation’s Unsecured Notes Offering

Transaction Summary

BB&T Capital Markets’ Financial Services Group, serving as a co-manager, completed an unsecured notes “baby bond” offering for Fidus Investment Corporation in the first quarter of 2018. The underwriters helped to raise $43,478,275 in gross proceeds for our client. The company has applied for the notes to trade on the Nasdaq, under the symbol “FDUSL”.

FDUS intends to use the net proceeds from this transaction to repay indebtedness under its existing credit facility, and may re-borrow under the facility to make investments in lower middle-market companies, for working capital, and for general corporate purposes. Total gross proceeds does not include the exercise of the underwriters’ 30-day over-allotment option.

 

About the Companies

Fidus Investment Corporation (NASDAQ: FDUS) is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company, or “BDC,” under the Investment Company Act of 1940. The Company invests in debt and equity securities issued primarily by lower middle market companies based in the United States. Fidus’ target investments are between $5-$25mm, and invests in companies with strong free cash flows and EBITDA of $3-$20mm. Fidus Investment Corporation is headquartered in Evanston, IL, and has offices in New York, NY, and Charlotte, NC.

 

Financial Services

BB&T Capital Markets Financial Services Group has extensive experience providing community banks and thrifts, business development companies, and other specialty finance companies with a full range of public and private capital raising solutions, M&A advisory, fairness opinions and other strategic advisory services.

About BB&T Capital Markets

BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.

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