Latest Fifth Street Finance Corp (FSC) Headlines
Will These 2 Stocks Pop With a Silicon Valley Bubble?
Jordan Wathen, The Motley Fool - Motley Fool - Tue Mar 11, 6:00AM CDT
Photo by: Rhett Maxwell Is Silicon Valley in a bubble? Could 2014 come to be the next 1999? Investors who listened to recent conference calls from Fifth Street Finance and Hercules Technology Growth Capital enjoyed two very different...
Fifth Street Technology Partners Continues to Gain Momentum, Closing Three New Investments in Early 2014
GlobeNewswire - Mon Mar 10, 6:13AM CDT
Fifth Street Management LLC ("Fifth Street") today announced that its venture lending group, Fifth Street Technology Partners, has closed three new technology investments totaling $55 million so far in the calendar year 2014, $40 million of which was funded at close. Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") funded the transactions and received equity warrants for each, increasing the size of Fifth Street's venture lending portfolio to $79 million.
University of the Pacific to Dedicate New San Francisco Campus
Business Wire - Fri Mar 07, 10:00AM CST
University of the Pacific today will dedicate its new San Francisco campus, expanding its presence in one of the world's great cities and marking one of the most important milestones in its 163-year history.
Fifth Street Finance Corp. Expands Its Syndicated Bank Credit Facility to $650 Million
GlobeNewswire - Fri Mar 07, 6:08AM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") today announced 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 lenders and has an accordion feature allowing for potential future expansion up to $800 million. The final maturity of the facility remains August 6, 2018.
Healthcare Finance Group, LLC Announces the $79 Million Financing of Long's Drugs Incorporated
GlobeNewswire - Tue Mar 04, 9:00AM CST
Long's Drugs Incorporated ("Long's"), headquartered in Columbia, SC, is a retail and specialty pharmacy serving the SC, NC and GA markets. Founded in 1951 as a family-oriented business, Long's has maintained its tradition of providing excellent customer service and value while demonstrating strong growth through new store openings and acquisitions. The $79 million financing facility supports an investment by Tailwind Capital ("Tailwind") and Long's management in the future growth potential of the company. Tailwind is a private equity firm focused on investing in growth-oriented middle market companies.
Fifth Street Finance Earnings In Retrospect: Up 1.6% in the Last 18 Days (FSC)
Comtex SmarTrend(R) - Mon Feb 24, 7:10AM CST
When Fifth Street Finance (NYSE:FSC) reported earnings two weeks ago on February 6th, 2014, analysts, on average, expected the company to report earnings of $0.25 on sales of $69.2 million. Fifth Street Finance actually reported earnings of $0.26 per share on sales of $68.8 million, beating EPS estimates by $0.01 and matching revenue estimates. Since the company's report, shares of Fifth Street Finance have risen from $9.56 to $9.71, representing a gain of 1.6% in the past 18 days.
A Hidden Gem in the Fifth Street Finance Corp. High-Yield Portfolio
Jordan Wathen, The Motley Fool - Motley Fool - Sun Feb 23, 6:00AM CST
As business development companies become a sizable asset class on Wall Street, they're expanding beyond simple debt funds. Many of the largest BDCs now have operating companies under their umbrella, which help drive earnings and, in some cases,...
Don't Be a Paranoid Investor
Jordan Wathen, The Motley Fool - Motley Fool - Sat Feb 15, 5:30AM CST
Corporate executives fly in multimillion-dollar jets, receive lavish option rewards, and even collect big severance packages after leaving a firm in distress. Investors have every reason to be skeptical -- and they should be. No one cares about...
Fifth Street Finance Corp. Prices Public Offering of $250 Million 4.875% Unsecured Notes Due 2019
GlobeNewswire - Fri Feb 14, 4:04PM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("Fifth Street") today 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 at Fifth Street's option at any time or from time to time at par plus a "make-whole" premium. The Notes will bear interest at a rate of 4.875% per year payable semi-annually on March 1 and September 1 of each year, beginning September 1, 2014.
Cre8tive Works to trade under new symbol "FILM"
PR Newswire - Thu Feb 13, 11:00AM CST
Cre8tive Works, Inc. (the "Company") (OTCPINK:RANFD) would like to inform shareholders that effective on the opening of trading February 14, 2014, the common shares of the Company will be quoted on the OTC Pink marketplace under the symbol "FILM".
Fitch Expects to Rate Fifth Street's Finance Corp.'s Unsecured Notes 'BBB-'
Business Wire - Wed Feb 12, 10:34AM CST
Ratings expects to assign a rating of 'BBB-' to Fifth Street Finance Corp.'s (FSC) unsecured institutional debt issuance. Fitch does not expect there to be a material impact on the company's leverage levels as a result of the issuance, as proceeds will be used to repay borrowings on secured credit facilities.
How This Company Plans to Grow Its Dividend
Jordan Wathen, The Motley Fool - Motley Fool - Tue Feb 11, 12:27PM CST
Fifth Street Finance certainly hasn't been the best dividend stock in recent history. Since 2010, dividends have been cut twice, from $0.106 per month to $0.0833 per month at the current level. Luckily, the current dividend seems sustainable....
1 High-Yielding Stock to Buy Now
Jordan Wathen, The Motley Fool - Motley Fool - Sat Feb 08, 5:30AM CST
I'm impressed. In December, Fifth Street Finance finally succumbed to its inability to pay its dividend. It slashed its monthly dividend to $0.05 per share, with the goal of paying out just $0.083 per month in 2014. Shareholders weren't...
Fifth Street Finance Corp. Declares Monthly Dividends of 8.33 Cents Per Share
GlobeNewswire - Thu Feb 06, 8:37AM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") today announced that its Board of Directors declared monthly dividends for June through August of 2014.
Fifth Street Finance Corp. Announces Quarter Ended December 31, 2013 Financial Results
GlobeNewswire - Thu Feb 06, 6:00AM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("Fifth Street" or "we") announces its financial results for the first fiscal quarter ended December 31, 2013.
How the Taper Affects BDCs
Jordan Wathen, The Motley Fool - Motley Fool - Mon Feb 03, 7:00AM CST
The Fed's quantitative easing program was designed to drive down long-term interest rates. The opposite -- the taper -- is designed to allow long-term rates to rise. I wanted to take some time today to look at how the taper will affect business...
Everything Investors Need to Watch in the Week Ahead
David Hanson and Matt Koppenheffer, The Motley Fool - Motley Fool - Mon Feb 03, 5:00AM CST
Earnings season is in full-swing, and Prospect Capital and Fifth Street Finance are set to check in with investors this week. In this segment of The Motley Fool's financials-focused show, Where the Money Is , banking analysts Matt...
Where the Money Is: January 31
Matt Koppenheffer and David Hanson, The Motley Fool - Motley Fool - Fri Jan 31, 2:51PM CST
We sit down with Million Dollar Portfolio advisor Ron Gross to chat about financials and a few other stocks on his radar. Join Motley Fool analysts Matt Koppenheffer and David Hanson as they discuss Amazon 's new idea, debate MasterCard 's...
Fifth Street Finance Corp. Releases Its January 2014 Newsletter: BDC Legislation Gaining Momentum
GlobeNewswire - Wed Jan 29, 3:30PM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") released its January 2014 newsletter today.
BDC's Big Advantage on Private Equity
Jordan Wathen, The Motley Fool - Motley Fool - Wed Jan 29, 11:28AM CST
Imagine you're the CEO of a middle-market cleaning service. This year, you expect your company to earn $10 million, and you'd like to expand to buy a competitor. So, you call up your banker, but since this is a big transaction, and regulators are...
Will These 2 Stocks Pop With a Silicon Valley Bubble?
Jordan Wathen, The Motley Fool - Motley Fool - Tue Mar 11, 6:00AM CDT
Photo by: Rhett Maxwell Is Silicon Valley in a bubble? Could 2014 come to be the next 1999? Investors who listened to recent conference calls from Fifth Street Finance and Hercules Technology Growth Capital enjoyed two very different...
Fifth Street Technology Partners Continues to Gain Momentum, Closing Three New Investments in Early 2014
GlobeNewswire - Mon Mar 10, 6:13AM CDT
Fifth Street Management LLC ("Fifth Street") today announced that its venture lending group, Fifth Street Technology Partners, has closed three new technology investments totaling $55 million so far in the calendar year 2014, $40 million of which was funded at close. Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") funded the transactions and received equity warrants for each, increasing the size of Fifth Street's venture lending portfolio to $79 million.
University of the Pacific to Dedicate New San Francisco Campus
Business Wire - Fri Mar 07, 10:00AM CST
University of the Pacific today will dedicate its new San Francisco campus, expanding its presence in one of the world's great cities and marking one of the most important milestones in its 163-year history.
Fifth Street Finance Corp. Expands Its Syndicated Bank Credit Facility to $650 Million
GlobeNewswire - Fri Mar 07, 6:08AM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") today announced 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 lenders and has an accordion feature allowing for potential future expansion up to $800 million. The final maturity of the facility remains August 6, 2018.
Healthcare Finance Group, LLC Announces the $79 Million Financing of Long's Drugs Incorporated
GlobeNewswire - Tue Mar 04, 9:00AM CST
Long's Drugs Incorporated ("Long's"), headquartered in Columbia, SC, is a retail and specialty pharmacy serving the SC, NC and GA markets. Founded in 1951 as a family-oriented business, Long's has maintained its tradition of providing excellent customer service and value while demonstrating strong growth through new store openings and acquisitions. The $79 million financing facility supports an investment by Tailwind Capital ("Tailwind") and Long's management in the future growth potential of the company. Tailwind is a private equity firm focused on investing in growth-oriented middle market companies.
Fifth Street Finance Earnings In Retrospect: Up 1.6% in the Last 18 Days (FSC)
Comtex SmarTrend(R) - Mon Feb 24, 7:10AM CST
When Fifth Street Finance (NYSE:FSC) reported earnings two weeks ago on February 6th, 2014, analysts, on average, expected the company to report earnings of $0.25 on sales of $69.2 million. Fifth Street Finance actually reported earnings of $0.26 per share on sales of $68.8 million, beating EPS estimates by $0.01 and matching revenue estimates. Since the company's report, shares of Fifth Street Finance have risen from $9.56 to $9.71, representing a gain of 1.6% in the past 18 days.
A Hidden Gem in the Fifth Street Finance Corp. High-Yield Portfolio
Jordan Wathen, The Motley Fool - Motley Fool - Sun Feb 23, 6:00AM CST
As business development companies become a sizable asset class on Wall Street, they're expanding beyond simple debt funds. Many of the largest BDCs now have operating companies under their umbrella, which help drive earnings and, in some cases,...
Don't Be a Paranoid Investor
Jordan Wathen, The Motley Fool - Motley Fool - Sat Feb 15, 5:30AM CST
Corporate executives fly in multimillion-dollar jets, receive lavish option rewards, and even collect big severance packages after leaving a firm in distress. Investors have every reason to be skeptical -- and they should be. No one cares about...
Fifth Street Finance Corp. Prices Public Offering of $250 Million 4.875% Unsecured Notes Due 2019
GlobeNewswire - Fri Feb 14, 4:04PM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("Fifth Street") today 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 at Fifth Street's option at any time or from time to time at par plus a "make-whole" premium. The Notes will bear interest at a rate of 4.875% per year payable semi-annually on March 1 and September 1 of each year, beginning September 1, 2014.
Cre8tive Works to trade under new symbol "FILM"
PR Newswire - Thu Feb 13, 11:00AM CST
Cre8tive Works, Inc. (the "Company") (OTCPINK:RANFD) would like to inform shareholders that effective on the opening of trading February 14, 2014, the common shares of the Company will be quoted on the OTC Pink marketplace under the symbol "FILM".
Fitch Expects to Rate Fifth Street's Finance Corp.'s Unsecured Notes 'BBB-'
Business Wire - Wed Feb 12, 10:34AM CST
Ratings expects to assign a rating of 'BBB-' to Fifth Street Finance Corp.'s (FSC) unsecured institutional debt issuance. Fitch does not expect there to be a material impact on the company's leverage levels as a result of the issuance, as proceeds will be used to repay borrowings on secured credit facilities.
How This Company Plans to Grow Its Dividend
Jordan Wathen, The Motley Fool - Motley Fool - Tue Feb 11, 12:27PM CST
Fifth Street Finance certainly hasn't been the best dividend stock in recent history. Since 2010, dividends have been cut twice, from $0.106 per month to $0.0833 per month at the current level. Luckily, the current dividend seems sustainable....
1 High-Yielding Stock to Buy Now
Jordan Wathen, The Motley Fool - Motley Fool - Sat Feb 08, 5:30AM CST
I'm impressed. In December, Fifth Street Finance finally succumbed to its inability to pay its dividend. It slashed its monthly dividend to $0.05 per share, with the goal of paying out just $0.083 per month in 2014. Shareholders weren't...
Fifth Street Finance Corp. Declares Monthly Dividends of 8.33 Cents Per Share
GlobeNewswire - Thu Feb 06, 8:37AM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") today announced that its Board of Directors declared monthly dividends for June through August of 2014.
Fifth Street Finance Corp. Announces Quarter Ended December 31, 2013 Financial Results
GlobeNewswire - Thu Feb 06, 6:00AM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("Fifth Street" or "we") announces its financial results for the first fiscal quarter ended December 31, 2013.
How the Taper Affects BDCs
Jordan Wathen, The Motley Fool - Motley Fool - Mon Feb 03, 7:00AM CST
The Fed's quantitative easing program was designed to drive down long-term interest rates. The opposite -- the taper -- is designed to allow long-term rates to rise. I wanted to take some time today to look at how the taper will affect business...
Everything Investors Need to Watch in the Week Ahead
David Hanson and Matt Koppenheffer, The Motley Fool - Motley Fool - Mon Feb 03, 5:00AM CST
Earnings season is in full-swing, and Prospect Capital and Fifth Street Finance are set to check in with investors this week. In this segment of The Motley Fool's financials-focused show, Where the Money Is , banking analysts Matt...
Where the Money Is: January 31
Matt Koppenheffer and David Hanson, The Motley Fool - Motley Fool - Fri Jan 31, 2:51PM CST
We sit down with Million Dollar Portfolio advisor Ron Gross to chat about financials and a few other stocks on his radar. Join Motley Fool analysts Matt Koppenheffer and David Hanson as they discuss Amazon 's new idea, debate MasterCard 's...
Fifth Street Finance Corp. Releases Its January 2014 Newsletter: BDC Legislation Gaining Momentum
GlobeNewswire - Wed Jan 29, 3:30PM CST
Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") released its January 2014 newsletter today.
BDC's Big Advantage on Private Equity
Jordan Wathen, The Motley Fool - Motley Fool - Wed Jan 29, 11:28AM CST
Imagine you're the CEO of a middle-market cleaning service. This year, you expect your company to earn $10 million, and you'd like to expand to buy a competitor. So, you call up your banker, but since this is a big transaction, and regulators are...
