Fifth Street Finance (FSC -4%) hasn't been able to bounce off an early decline after it priced...

|About: Fifth Street Finance (FSC)|By:, SA News Editor

Fifth Street Finance (FSC -4%) hasn't been able to bounce off an early decline after it priced its 14M share secondary at $10.68/share. The immediate purpose of the cash will be to repay existing debt facilities, but the company expects to redraw them as necessary to make further investments. Reported net asset value on Sept. 30: $9.92. (PR)