trending Market Intelligence /marketintelligence/en/news-insights/trending/9kkb9vxahqd4npslthwrtw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Ironsides selling stake in Fifth Street Senior Floating Rate

After Growing In 2019, Latam FTTP Market Might Slowdown In 2020 Due To COVID-19

COVID-19 Crisis: Legacy TV Universe Strategic Analysis

Another Outcome Of COVID-19: Olympics Postponed

OTT Winners, Losers In The Age Of COVID-19

Ironsides selling stake in Fifth Street Senior Floating Rate

An investor group comprising and otherentities have agreed to sell their 6.6% stake in to Leonard Tannenbaum and Fifth Street Holdings LP.

Tannenbaum is the founder, chairman and CEO of .

Tannenbaum and Fifth Street Holdings will purchase all1,942,641 shares of Fifth Street Senior Floating Rate owned by IronsidesPartners and its entities at a purchase price of $9.00 per share for anaggregate purchase price of about $17.5 million. The purchase is expected toclose Nov. 30.

The investor group also agreed to observe certain standstillprovisions with respect to Fifth Street Senior Floating Rate, and FifthStreet Asset Management for a certain period.

If Fifth Street Holdings fails to acquire any of the FifthStreet Senior Floating Rate shares from the investor group, Tannenbaum willpurchase all such remaining shares.

Ironsides Partners and its affiliates had the termination of Fifth StreetSenior Floating Rate's investment advisory agreement with andnominated Robert Knapp and Richard Cohen for election to the board of FifthStreet Senior Floating Rate.

The proposal to terminate the investment advisory agreementwas not approved atthe annual meeting of stockholders and Richard Cohen was to Fifth Street Senior's board.