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Business Development Corp. of America discloses results of tender offer

Business Development Corp. of America's tender offer to buy no fewer than 2 million and up to approximately 2.6 million shares of the company's common stock at $7.96 per share terminated on July 23 at 11:59 p.m. ET.

A total of 31,263,410 shares were validly tendered pursuant to the offer and not withdrawn as of the expiration date. As of Aug. 23, the company accepted for payment 2,199,337 of the common shares validly tendered in the offer and not withdrawn, for an aggregate purchase price of about $17.5 million.