Janney completed four BDC transactions during Q1 2019, the deals raised over $190 million

 
 
March 22, 2019 – Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon" or the "Company") announced that it has priced an underwritten public offering of 2,000,000 shares of its common stock at a price to the public of $12.14 per share for total gross proceeds of approximately $24.3 million. In connection with the offering, the Company has granted the underwriters of the offering a 30-day option to purchase up to an additional 300,000 shares of the Company's common stock solely to cover overallotments, if any. The Company intends to use the net proceeds of the offering to repay its outstanding debt borrowed under its revolving credit facility. 
 
Janney Montgomery Scott LLC served as a joint-lead book-running manager on this offering.
 
 
March 15, 2019 – Stellus Capital Investment Corporation (NYSE: SCM) ("Stellus" or the "Company") announced that it has priced a public offering of 2,750,000 shares of common stock in an underwritten public offering. The public offering price was set at $14.43 per share for total gross proceeds of $39.7 million. The Company intends to use the net proceeds from this offering to repay a portion of the amount outstanding under its credit facility, for general corporate purposes, which may include investing in debt or equity securities, and other general corporate purposes, including working capital requirements. 
 
Janney Montgomery Scott LLC served as a co-manager on this offering.
 
February 12, 2019 – New Mountain Finance Corporation ("New Mountain" or the "Company") (NYSE: NMFC) announced that it has priced an underwritten offering of 3,750,000 shares of its common stock at a public offering price of $13.57 per share. In connection with the offering, the Company has granted the underwriters of the offering an option to purchase up to an additional 562,500 shares of the Company's common stock, which has been fully exercised for total gross proceeds of $59.3 million. The Company intends to use the net proceeds from the offering primarily for new investments in portfolio companies in accordance with its investment objective and strategies. The Company may also use a portion of such net proceeds for other general corporate purposes, including to temporarily repay indebtedness and other working capital needs. 
 
Janney Montgomery Scott LLC served as a co-manager on this offering.
 
February 5, 2019 – Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) announced that it has priced a registered public offering of $60.0 million aggregate principal amount of its 6.00% notes due 2024 (the “Notes”). The Company has also granted the underwriters a 30-day option to purchase an additional $9.0 million aggregate principal amount of Notes to cover overallotments, which has been fully exercised for total gross proceeds of $69.0 million. The Company intends to use the net proceeds from this offering to repay outstanding indebtedness under its existing credit facility. 
 
Janney Montgomery Scott LLC served as co-lead manager on this offering.
 

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