FS Investment Corporation has launched a bond offering. The business development company is seeking to raise $325 million in 4.25% 2020 unsecured notes, according to a statement.
The offering is expected to close on 3 December. JPMorgan, Wells Fargo, Citigroup Global Markets, Deutsche Bank, Keefe, Bruyette & Woods and Sterne, Agee & Leach are joint bookrunning managers on the deal.
The bonds will be used to repay existing debt facilities.
FS Investment Corporation provides credit to private middle-market companies in the US. The firm makes mainly senior secured loans along with some subordinated debt investments.
FSIC is advised by FB Income Advisor, an affiliate of Franklin Square Capital Partners, and is sub-advised by GSO/Blackstone Debt Funds Management, an affiliate of GSO Capital Partners, the credit platform of Blackstone.