FS Investment Corp. III filed a registration statement for an offering of an undisclosed amount of common shares on a continuous basis.
The company is offering common shares only to investors who purchase through the institutional channel or to certain affiliated investors who purchase through the dealer-manager FS Investment Solutions LLC. The shares are now being offered at the institutional offering price of $8.55 per share, however, the price can be increased or decreased based on the company's net asset value per share.
The proposed maximum aggregate offering price is $1.07 billion, estimated solely for the purpose of determining the registration fees.
The company plans to use the net proceeds from the offering to primarily invest in private U.S. companies. The remainder of the proceeds will be used for working capital and general corporate purposes.