Fifth Street Finance Honored By M&A Advisor
October 22, 2009 (FinancialWire) — Fifth Street Finance Corp. (NYSE: FSC) (Fifth Street) has been honored as “2009 Debt Financing Agent of the Year” by The M&A Advisor.
Fifth Street, which went public in 2008, recently raised approximately $145.7 million in gross proceeds from two public offerings in July and September 2009. In addition, the company announced a non-binding financing commitment for a three year credit facility with Wachovia Bank, N.A., a Wells Fargo company, for up to $100 million.
Judging for the award is based on several criteria, including quantitative factors such as transaction value, impact on shareholder/company value and market share. Qualitative considerations include impact of transactions on the market/industry, ingenuity in structuring and/or negotiations, and diligence and perseverance in consummating deals and other unique attributes.
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