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Fifth Street Finance Corporation (FSC)

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Last Post: 10/4/2016 9:04:34 PM - Followers: 20 - Board type: Free - Posts Today: 0

 

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Introduction

Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Our investment objective is to maximize our portfolio’s total return by generating current income from our debt investments and capital appreciation from our equity investments. We strive to achieve this objective by capitalizing on our existing relationships with private equity sponsors and developing new partnerships.

Strategy

Our investment strategy is focused on the needs of our clients. We work with our sponsors to create a complete financing solution that achieves the goals of the transaction and builds a foundation for a lasting partnership. Target investments have the following characteristics:

• Established companies with a history of positive operating cash flow.
We seek to invest in established companies with sound historical financial performance. We typically focus on companies with a history of profitability on an operating cash flow basis. We do not intend to invest in start-up companies or companies with speculative business plans.

• Ability to exert meaningful influence. We target investment opportunities in which we will be the lead/sole investor in our tranche and in which we can add value through active participation, often through advisory positions.

• Private equity sponsorship. We generally seek to invest in companies in conjunction with private equity sponsors who have proven capabilities in building value. We believe that a private equity sponsor can serve as a committed partner and adviser that will actively work with the company and its management team to meet company goals and create value. We assess a private equity sponsor’s commitment to a portfolio company by, among other things, the capital contribution it has made or will make in the portfolio company.

• Seasoned management team. We generally will require that our portfolio companies have a seasoned management team, with strong corporate governance. We also seek to invest in companies that have proper incentives in place, including having significant equity interests, to motivate management to act in accordance with our interests as investors.

• Defensible and sustainable business. We seek to invest in companies with proven products and/or services and strong regional or national operations.

Custom Tailored Financing Solutions
We provide custom tailored financing solutions to support expansions, acquisitions, recapitalizations, and management buyouts. Our investments generally range in size from $5 million to $40 million and are principally in the form of first and second lien debt investments, which may include an equity component. We seek to invest in established companies with sound historical financial performance. Our vast network of high net worth investors, former portfolio companies, and management teams allows us to assist our sponsor partners in their due diligence efforts, and to grow and improve their portfolio companies.

Fifth Street Finance Corp. is organized as an externally-managed, non-diversified closed-end management investment company and has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940.

Investment Adviser
Our investment adviser is Fifth Street Management LLC, a registered investment adviser under the Investment Advisers Act of 1940. Services necessary for our business are provided by individuals who are employees of our investment adviser or administrator. References in this website to “investment team,” “Investment Committee” and our staff refer respectively to the investment team, Investment Committee and employees of our investment adviser and administrator that perform such functions on our behalf.

Stock and Chart Information

10Q: The number of shares outstanding of the issuer’s common stock as of May 1, 2009 was 22,802,821.

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FSC
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FSC News: Current Report Filing (8-k) 12/01/2016 04:14:59 PM
FSC News: Fifth Street Finance Corp. Appoints Patrick J. Dalton as Chief Executive Officer 11/30/2016 07:00:00 AM
FSC News: Annual Report (10-k) 11/29/2016 05:31:56 PM
FSC News: Current Report Filing (8-k) 11/29/2016 05:19:46 PM
FSC News: Fifth Street Finance Corp. Announces Fourth Quarter and Fiscal Year Ended September 30, 2016 Financial Results 11/29/2016 04:30:00 PM
PostSubject
#137   ive been holding a few shares here and ACrooks 10/04/16 09:04:34 PM
#136   Nice run going here. Let's see if we GMONEY4 09/01/16 10:06:17 AM
#135   Nice. $FSC finally broke $6 GMONEY4 08/23/16 10:17:55 AM
#134   10Q out. Beat by .02. Revenue beat by GMONEY4 08/09/16 06:54:49 AM
#133   I grabbed some here earlier. Missed a cheaper GMONEY4 08/08/16 11:44:40 AM
#132   New 52 week low. GMONEY4 01/13/16 03:09:38 PM
#131   It happens so often with stocks that they blackcat 10/17/15 12:40:08 PM
#130   Anyone out there with views on the slew pappi 10/17/15 03:17:58 AM
#129   Need dat MACD to turn a bit more Lotto123 02/17/15 04:07:28 PM
#128   She's lazy after the long weekend. Order the blackcat 02/17/15 04:03:43 PM
#127   and a quick one if she doesn't start Lotto123 02/17/15 03:59:39 PM
#126   is this a blue jeans date at the blackcat 02/17/15 03:41:26 PM
#125   I hope to buy more if it goes keith3506 02/14/15 09:31:31 PM
#124   Yes, they will pay the reduced one (.06) blackcat 02/14/15 02:59:30 PM
#123   My mistake. Very sorry. It says they reduced keith3506 02/14/15 02:55:11 PM
#122   There is not a Feb divi. blackcat 02/14/15 11:30:42 AM
#121   I believe we are ex-dividend. Should go down keith3506 02/14/15 11:03:08 AM
#120   I'm not a long termer with FSC...just dating Lotto123 02/13/15 03:51:26 PM
#119   Sure does. Not complaining about the $6.90 buy blackcat 02/12/15 04:21:12 PM
#118   That $6.80 buy tastes pretty good today don't Lotto123 02/12/15 04:13:18 PM
#117   Might be a couple qrts. before "good news", blackcat 02/12/15 02:01:20 PM
#116   Figuring 7.70 range a good bet here....hitting the Lotto123 02/12/15 12:37:20 PM
#115   Stuff. FSC's net asset value (NAV) as of December blackcat 02/11/15 11:06:07 PM
#114   Yea, you have POff'd investors who are selling Lotto123 02/11/15 08:44:15 PM
#113   Always nice when shorty does something for me. blackcat 02/11/15 08:36:29 PM
#112   6.99 AH..... Lotto123 02/11/15 06:40:44 PM
#111   Falling knives......% of daily blood is drying up Lotto123 02/11/15 06:34:52 PM
#110   I looked back to 2012 on the chart....not Lotto123 02/11/15 06:31:27 PM
#109   This stupid company is on a never ending downfall! Goldmind 02/11/15 04:51:38 PM
#108   I had order in today at 6.80. I blackcat 02/11/15 04:10:48 PM
#107   :-) me too... Lotto123 02/11/15 03:50:14 PM
#106   Just doing a little more DD on the blackcat 02/11/15 12:09:00 PM
#105   Agree, yes it does... I'm just watching it Lotto123 02/11/15 10:58:12 AM
#104   This stock just sucks! Goldmind 02/11/15 10:46:04 AM
#103   MFI has more room to drop. I'm waiting Lotto123 02/11/15 10:25:11 AM
#102   If you're strictly a short term trader, then blackcat 02/11/15 09:32:11 AM
#101   Im dumping!! This is dropping by 5% or Goldmind 02/11/15 08:58:19 AM
#100   Anyone think this got ridden up by accident Lotto123 02/10/15 08:11:55 PM
#99   http://www.benzinga.com/analyst-ratings/downgrades/15/02/5226866/benzingas-top-d Lotto123 02/10/15 05:19:25 PM
#98   http://www.benzinga.com/analyst-ratings/downgrades/15/02/5226747/barclays-downgr Lotto123 02/10/15 05:18:41 PM
#97   No insider selling? Let's see if sumtin' shows Lotto123 02/10/15 04:44:03 PM
#96   Can't wait to see how the short interest Lotto123 02/10/15 04:40:51 PM
#95   Looks like bottom is in... Lotto123 02/10/15 04:01:07 PM
#94   Heading back up$$$$$$$$$ Goldmind 02/10/15 11:39:50 AM
#93   I'd have taken that too. Didn't know if blackcat 02/10/15 10:49:09 AM
#92   I believe that we will do 8+ easy Goldmind 02/10/15 10:46:51 AM
#91   Got my order filled at 6.97 Goldmind 02/10/15 10:43:14 AM
#90   Congratulations!!! Goldmind 02/10/15 10:41:39 AM
#89   Order filled at 6.95. I'm good with that blackcat 02/10/15 10:31:58 AM
#88   Looking pretty good Goldmind 02/10/15 10:09:44 AM
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