Fifth Street Finance Corp. announced the partial exercise of the option granted to the underwriters to purchase additional shares of Fifth Street's common stock in connection with its previously announced public offering of 13,500,000 shares, which closed on April 15, 2013. In connection with the exercise of this option, Fifth Street issued 935,253 additional shares of its common stock at a public offering price of $10.85 per share for gross proceeds of $10,147,495. Fifth Street now has 120,644,378 shares of common stock outstanding.

Fifth Street intends to use the net proceeds from this offering to repay debt outstanding under its credit facilities. However, through re-borrowing under its credit facilities, it intends to make investments in small and mid-sized companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes.

Morgan Stanley, Barclays, Deutsche Bank Securities, Goldman, Sachs & Co. and Wells Fargo Securities acted as lead book-running managers for the offering, Keefe, Bruyette & Woods, Raymond James, RBC Capital Markets and UBS Investment Bank acted as joint book-running managers for the offering and JMP Securities, SMBC Nikko, Sterne Agee, Maxim Group LLC and Wunderlich Securities acted as co-managers for the offering.

Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors.