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Business Development Corp. of America closes tender offer

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Business Development Corp. of America closes tender offer

Business Development Corp. of America's tender offer terminated at 11:59 p.m. ET on July 6.

The company offered to purchase no fewer than 3.3 million shares and up to 3.6 million shares of common stock at $8.52 per share.

According to a filing, a total of 11,747,753 shares were validly tendered and not withdrawn in the offer. As of Aug. 4, the company purchased 3,433,482 shares for a total purchase price of $28.6 million.