Fifth Street Asset Management, a nationally recognized asset manager that provides credit solutions to small and mid-sized businesses, announced that its platform has committed over $10 billion of loans since its founding in 1998.The Company's...
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October 19, 2016, 07:19 AM
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Fifth Street Asset Management Inc. announced its affiliate, Fifth Street Management LLC, served as administrative agent, joint lead arranger and joint bookrunner for senior secured credit facilities supporting the recapitalization of Ob Hospitalist...
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July 05, 2016, 08:02 AM
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Depressed share price valuations and governance concerns have ignited shareholder activism campaigns against three business development companies (BDCs) over the last several months, including two rated by Fitch Ratings. Fitch believes the heightened...
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November 25, 2015, 07:53 AM
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Fifth Street CLO Management announced the closing of Fifth Street SLF II, Ltd. ("FS SLF II"), a $416.6 million collateralized loan obligation ("CLO"). FS SLF II represents FSAM's second actively managed CLO and its closing represents the third debt...
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October 02, 2015, 07:31 AM
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Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp. announced that they have co-invested, along with other Fifth Street investment vehicles, in a senior secured financing facility to support the refinancing of Idera, Inc. by TA...
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November 10, 2014, 07:31 AM
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Fifth Street Asset Management announced the closing of a $176 million, five-year syndicated senior unsecured revolving credit facility, jointly led by Morgan Stanley Senior Funding, Inc. and Sumitomo Mitsui Banking Corporation. The credit facility...
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November 07, 2014, 07:36 AM
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Fifth Street Asset Management Inc. ("FSAM"), a rapidly growing credit-focused asset manager, announced that based on market conditions and continued volatility for new issuers in the equity markets, it has chosen not to proceed with its planned...
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October 22, 2014, 08:03 AM
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Fifth Street Finance Corp. announced an increase in the commitment to Senior Loan Fund JV I, LLC ("SLF JV I"), its joint venture with Trinity Universal Insurance Company, a subsidiary of Kemper Corporation. As a result of upsizing the joint venture...
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October 08, 2014, 07:51 AM
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Fifth Street Finance Corp. announced additional commitments from one new and one existing lender to its syndicated credit facility led by ING Capital LLC. As a result, the committed facility size increased by $25 million to $705 million. The facility...
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October 01, 2014, 08:11 AM
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Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp. received an exemptive order from the Securities and Exchange Commission (the "Order") that allows each of FSC and FSFR to participate in negotiated co-investment transactions with...
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September 16, 2014, 07:26 AM
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Fifth Street Finance Corp. announced an incremental commitment from an existing lender to its syndicated bank credit facility led by ING Capital LLC. As a result, the committed facility size increased by $10 million to $680 million. The facility...
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August 18, 2014, 07:29 AM
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Fifth Street Senior Floating Rate Corp. today announced that its Board of Directors made several management changes, including the promotion of Richard A. Petrocelli to Chief Financial Officer.Prior to his promotion, Petrocelli served as Chief...
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July 24, 2014, 07:32 AM
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Fifth Street Finance Corp. announced that Senior Loan Fund JV 1, LLC ("SLF JV 1"), a joint venture between FSC and a subsidiary of Kemper Corporation, has initially invested $156.5 million out of its anticipated investment capacity of approximately...
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July 02, 2014, 07:46 AM
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Fifth Street Finance Corp. announced that Standard & Poor's Rating Services ("S&P") has revised FSC's outlook to 'positive' from 'stable,' citing the company's consistent performance, focus on senior secured lending and the continued diversification...
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May 05, 2014, 07:24 AM
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Fifth Street Finance Corp. announced the company has an additional lender to its syndicated bank credit facility led by ING Capital LLC. The new commitment increases the facility size by $30 million to $650 million. The facility now includes 15...
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March 07, 2014, 07:38 AM
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Fifth Street Finance Corp. announced that it priced a public offering of $250 million in aggregate principal amount of its 4.875% unsecured notes due 2019 (the "Notes"). The Notes will mature on March 1, 2019, and may be redeemed in whole or in part...
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February 18, 2014, 07:39 AM
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Fifth Street Finance announced the successful amendment of its syndicated bank credit facility led by ING Capital LLC.The amended facility includes an increase in size to $480 million from $445 million and an increase in the accordion feature to $800...
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August 07, 2013, 07:57 AM
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Healthcare Finance Group announced that it provided three separate secured debt facilities in June 2013 and continues to attract a number of financing requests due to its long-standing expertise in the healthcare industry. The firm, which was...
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July 01, 2013, 07:28 AM
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Fifth Street Finance announced an amendment of its credit facility with Wells Fargo Bank, N.A. The amended facility includes a 25 basis point reduction in pricing to LIBOR plus 2.50% per annum, with no LIBOR floor, and greater flexibility on terms...
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June 25, 2013, 07:36 AM
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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...
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April 29, 2013, 07:46 AM
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Fifth Street Finance has provided two separate one-stop financing facilities during the quarter ended March 31, 2013 – each over $100 million.
Both large transactions supported private equity sponsors with whom Fifth Street has built long-standing...
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April 05, 2013, 07:24 AM
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Harvest Partners, a New York-based private equity firm, and the management team of Garretson Resolution Group (GRG) have completed a recapitalization of GRS resulting in a successful liquidity event for Pfingsten Partners. Terms of the transaction...
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December 24, 2012, 09:11 AM
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Fifth Street Finance announced the successful amendment of the terms of its syndicated bank credit facility led by ING Capital.
The amended facility includes an increase in size to $380 million from $230 million and an increase in the accordion...
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December 03, 2012, 08:03 AM
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