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Fidus Investment to start public offering of unsecured notes

Fidus Investment Corp. intends to commence a public offering of unsecured notes due 2024.

The company plans to use the net proceeds to repay debt outstanding under its credit facility with ING Capital LLC. As of Oct. 9, Fidus Investment had $62.5 million of outstanding debt under its credit facility. The credit facility matures April 24, 2023.

However, the company said it may re-borrow under its credit facility and use the borrowings to invest in lower-middle-market companies, for working capital and for general corporate purposes.

Keefe Bruyette & Woods is the sole book runner for the offering, while BB&T Capital Markets, Janney Montgomery Scott, Ladenburg Thalmann, B. Riley FBR and Oppenheimer & Co. are acting as co-leads for the offering. National Securities Corp. is the co-manager.