Fifth Street Finance Corp. (Nasdaq:FSC) announced that it has closed its public offering of 8,451,486 shares of common stock at a price of $10.79 per share, raising approximately $91.2 million in gross proceeds. The 8,451,486 shares of common stock include a portion of the over-allotment option granted to the underwriters. All shares were offered by Fifth Street. UBS Investment Bank, Goldman, Sachs & Co., J.P. Morgan and Wells Fargo Securities acted as lead book-running managers for the offering. Deutsche Bank Securities, RBC Capital Markets and Stifel Nicolaus Weisel acted as joint book-running managers and Raymond James, Maxim Group LLC and SMBC Nikko acted as co-managers for the offering.

Fifth Street intends to use the net proceeds from this offering to repay debt outstanding under its credit facilities. However, through re-borrowing under its credit facilities, it intends to make investments in small and mid-sized companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes.

About Fifth Street Finance Corp.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Fifth Street Finance Corp.'s investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments.