TICC Commences Public Offering of Common Stock
GREENWICH, CT, Mar 18, 2013 (Menafn - MARKETWIRE via COMTEX) --TICC Capital Corp. (the "Company") TICC announced todaythat it has commenced a public offering of 3,000,000 shares of itscommon stock. In connection with the proposed offering, the Companyintends to grant the underwriters for the offering an option topurchase up to an additional 450,000 shares of common stock.
Barclays Capital Inc. is acting as the sole book-running manager forthe offering. Keefe, Bruyette & Woods, Inc. is acting as lead managerfor the offering and Ladenburg Thalmann & Co. Inc., a subsidiary ofLadenburg Thalmann Financial Services Inc. (nyse mkt:LTS), JMPSecurities LLC and BB&T Capital Markets, a division of BB&TSecurities, LLC, are acting as co-managers for the offering.
The Company expects to use the net proceeds from the offering forgeneral corporate purposes, which may include investments incorporate debt and equity securities and investments in structuredfinance vehicles.
This press release does not constitute an offer to sell or thesolicitation of an offer to buy the securities in this offering orany other securities nor will there be any sale of these securitiesor any other securities referred to in this press release in anystate or jurisdiction in which such offer, solicitation or sale wouldbe unlawful prior to the registration or qualification under thesecurities laws of such state or jurisdiction.
The shares will be issued from the Company's shelf registrationstatement relating to these securities on file with and declaredeffective by the Securities and Exchange Commission. The offering maybe made only by means of a prospectus and a related prospectussupplement, copies of which may be obtained, when available, fromBarclays Capital Inc., c/o Broadridge Financial Solutions, 1155 LongIsland Avenue, Edgewood, New York 11717;Barclaysprospectus@broadridge.com (phone:888-603-5847). Investorsare advised to carefully consider the investment objectives, risksand charges and expenses of the Company before investing. Thepreliminary prospectus supplement and accompanying prospectus, eachof which has been filed with the Securities and Exchange Commission,contain a description of these matters and other importantinformation about the Company and should be read carefully beforeinvesting.
About TICC Capital Corp.
TICC Capital Corp. is a publicly-traded business development companyprincipally engaged in providing capital to established businesses,investing in syndicated bank loans and purchasing debt and equitytranches of collateralized loan obligations. Companies interested inlearning more about financing opportunities should contact DebdeepMaji at (203) 983-5285.
This press release contains forward-looking statements subject to theinherent uncertainties in predicting future results and conditions,including statements with regard to the Company's securities offeringand the anticipated use of the net proceed of the offering. Anystatements that are not statements of historical fact (includingstatements containing the words "believes," "plans," "anticipates,""expects," "estimates" and similar expressions) should also beconsidered to be forward-looking statements. Certain factors couldcause actual results and conditions to differ materially from thoseprojected in these forward-looking statements. Completion of thesecurities offering and the terms thereof are subject to numerousfactors, many of which are beyond the control of the Company,including, without limitation, market conditions, changes in interestrates, failure of customary closing conditions and other matters setforth in the Company's prospectus supplement and accompanyingprospectus. These factors are identified from time to time in ourfilings with the Securities and Exchange Commission. We undertake noobligation to update such statements to reflect subsequent events,except as required by applicable law.
SOURCE: TICC Capital Corp.
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