Fidus Investment Corporation Prices Public Offering of $100 Million of 6.750% Notes Due 2030

Core Viewpoint - Fidus Investment Corporation has announced a public offering of $100 million in 6.750% notes due 2030, aimed at refinancing existing debt and supporting investment strategies in lower middle-market companies [1][3]. Group 1: Offering Details - The notes will mature on March 19, 2030, and can be redeemed at the company's option before September 19, 2029, at par plus a "make-whole" premium, and at par thereafter [2]. - Interest on the notes will be paid semi-annually at a rate of 6.750%, starting from September 19, 2025 [2]. - The offering is expected to close on March 19, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay a portion of the $125 million outstanding under the company's senior secured revolving credit facility [3]. - The company may re-borrow under the credit facility to invest in lower middle-market companies and for general corporate purposes [3]. Group 3: Company Overview - Fidus Investment Corporation specializes in providing customized debt and equity financing solutions to lower middle-market companies, defined as U.S.-based companies with revenues between $10 million and $150 million [7]. - The company's investment objective is to achieve attractive risk-adjusted returns through current income from debt investments and capital appreciation from equity investments [7]. - Fidus is structured as a closed-end, non-diversified management investment company and has elected to be treated as a business development company under the Investment Company Act of 1940 [8].