Fidus Investment Corporation evaluates the offer at $ 125

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EVANSTON, Ill., October 01, 2021 (GLOBE NEWSWIRE) – Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) announced today that it has priced a public offering of ” an aggregate amount of $ 125 million in principal amount of 3.50% of the Notes maturing in 2026 (the “Notes”) on October 1, 2021. The Notes will mature on November 15, 2026 and may be redeemed in full or in part at any time or from time to time at the option of the Company at par plus a “redemption” premium, if any. The Notes will bear interest at a rate of 3.50% per annum payable semi-annually on May 15 and November 15 in each year, commencing May 15, 2022.

Raymond James & Associates, Inc. and Keefe, Bruyette & Woods, A Stifel Company, are acting as bookkeepers for this offer. Oppenheimer & Co. Inc., B. Riley Securities, Inc., Hovde Group, LLC, ING Financial Markets LLC and Ladenburg Thalmann & Co. Inc. are acting as Offer Leaders.

Closing of the transaction is subject to customary closing conditions and the notes are expected to be delivered on or around October 8, 2021.

The Company intends to use the net proceeds of this offering to redeem all of its outstanding 6,000% Notes due 2024 and 5.375% Notes due 2024 (redeemable November 1, 2021) and redeem a portion of the amount outstanding under its senior guaranteed revolving contract. credit facility (the “Credit Facility”). However, the Company may re-borrow under the Credit Facility and use such borrowings to invest in lower middle market companies in accordance with its investment objective and strategies and for working capital and general needs of the Company. ‘business. As at September 30, 2021, the Company had $ 40.0 million outstanding under the credit facility.

Investors are advised to carefully consider the investment objective, risks and costs and expenses of the Company before investing. The preliminary prospectus supplement dated October 1, 2021 and the accompanying prospectus dated May 3, 2021, each of which has been filed with the Securities and Exchange Commission (the “SEC”), contain a description of these matters and of other important information about the Company and should be read carefully before investing.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of the Securities referred to in this press release, in any state or jurisdiction in which such offering, soliciting or selling would be illegal prior to registration or qualification under the securities laws of that state or jurisdiction. A registration statement (File No. 333-253525) relating to the Notes has been filed and has been declared effective by the SEC.

This offering is being made only by way of a written prospectus forming part of the actual registration statement and related preliminary prospectus supplement, which may be obtained free of charge by visiting the SEC’s website at www. sec.gov or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716, email: [email protected] or by calling 800-248-8863.

ABOUT FIDUS INVESTMENT COMPANY

Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle market companies, which management generally defines as US-based companies with revenues between $ 10 million and $ 150 million. The investment objective of the Company is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity-linked investments. Fidus seeks to partner with business owners, management teams and financial sponsors in providing personalized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other initiatives. growth.

Fidus is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Companies Act 1940, as amended. In addition, for tax purposes, Fidus has elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Fidus was formed in February 2011 to continue and develop the activities of Fidus Mezzanine Capital, LP, which began operations in May 2007.

FORWARD-LOOKING STATEMENTS

The statements included herein contain certain “forward-looking statements” within the meaning of federal securities laws, including statements regarding the offering of Company Notes and the intended use of the net proceeds of the Offering. Forward-looking statements can be identified by the use of forward-looking words such as “prospect”, “believes”, “expects”, “possible”, “continuing”, “could”, “will”, “should”, “” Seeks “,” approximately “,” predicts “,” intends “,” foresees “,” estimates “,” anticipates “or negative versions of these words, other comparable words or other statements that do not relate to historical or factual issues. Forward-looking statements are based on our beliefs, assumptions and expectations regarding future events and our future performance, taking into account all information currently available to us. These statements do not constitute guarantees of future events, performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those of forward-looking statements due to a number of factors including, but not limited to, the impact of the COVID-19 pandemic and the impact of the pandemic on the economy, as well as those described from time to time in our filings with the SEC. Any forward-looking statement speaks only as of the date on which it is made. The Company assumes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future developments or otherwise, except as required by law.


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