Fifth Street Finance Corp. closed a public offering of 17,643,000 shares of its common stock, including 2,143,000 shares sold pursuant to the underwriters' option to purchase additional shares, at a public offering price of $10.31 per share for total gross proceeds of approximately $181.9 million. 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 may use such funds for general corporate purposes.

Morgan Stanley, Wells Fargo Securities, Goldman, Sachs & Co., J.P. Morgan, Barclays and Deutsche Bank Securities acted as lead book-running managers for the offering, RBC Capital Markets, UBS Investment Bank, Keefe, Bruyette & Woods, a Stifel company, and Oppenheimer & Co. acted as joint book-running managers for the offering and SMBC Nikko, Maxim Group LLC and National Securities Corporation acted as co-managers for the offering.