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FS Investments Announces Results of Tender Offers for Four BDCs

January 12, 2017

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FS Investments Announces Results of Tender Offers for Four BDCs

January 12, 2017 | James Sprow | Blue Vault

Stock market abstract background

FS Investments (formerly known as Franklin Square) was founded in 2007 and currently reports $18.7 billion in assets under management. Included in its investment programs are five BDCs (Business Development Companies) that invest in the credit of U.S. middle market companies. On January 10, 2017 the company announced the results of four tender offers to buy back common stock from shareholders in their four unlisted BDCs.

FS Energy and Power FundFS Investment Corp. IIFS Investment Corp. III and FS Investment Corp. IV disclosed results of respective tender offers to buy back common stock.

The offers expired 5 p.m. CT on Dec. 29, 2016, and the companies purchased all shares validly tendered and not withdrawn by then.

FS Energy and Power Fund purchased 2,239,480.200 shares at $7.70 per share for an aggregate purchase price of about $17.2 million.

FS Investment Corp. II acquired 2,340,047.796 shares at $8.95 per share for an aggregate purchase price of about $20.9 million.

FS Investment Corp. III bought 1,536,048.216 shares at $8.55 per share for an aggregate purchase price of about $13.1 million.

FS Investment Corp. IV purchased 24,998.132 shares at $10.95 per share for an aggregate purchase price of about $273,819.53.

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