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Business Development Corp. of America tender offer closes

Business Development Corp.'s tender offer to purchase no fewer than 2.3 million and up to about 3 million shares of its issued and outstanding common shares at $8.31 per share terminated at 11:59 p.m. ET on Jan. 19.

A total of 21,521,235 shares were validly tendered and not withdrawn in the offer. As of Feb. 15, the company purchased 2,547,524 shares for a total purchase price of about $21.4 million.