Fidus Investment Corp. Prices $100M Notes to Redeem Higher-Coupon Debt
Fidelity Investment Corp., a US-based Business Development Company (BDC) specialising in middle market credit investments, has priced a $100 million underwritten public offering of 6.750% notes due 2030. The notes are set to mature on March 19, 2030, with semi-annual interest payments and early redemption options.
Proceeds from the offering, expected to close on October 3, 2025, will be used to redeem in full the company's 4.75% notes due 2026. This issuance is fungible with the existing $100 million of the same notes issued in March 2025, bringing the total outstanding to $200 million. Fidelity Investment Corp. has a history of similar financial transactions, making this offering a familiar part of their investment strategy.
The successful pricing of these notes demonstrates Fidelity Investment Corp.'s ongoing ability to access capital markets and manage its debt portfolio. The use of proceeds aligns with the company's goal of redeeming higher-coupon debt, potentially improving its overall cost of capital.
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