In its latest move, Fidus Investment Corporation has announced the redemption of its 4.75% Notes due 2026. The company is set to redeem $100,000,000 in aggregate principal amount of the issued and outstanding Notes on November 3, 2025.
The redemption price for the Notes equals 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date. The aggregate accrued interest on the Notes being redeemed that is payable on the Redemption Date will be approximately $1,227,083.33.
Interest on the $100,000,000 in principal amount of Notes being redeemed will cease to accrue on and after the Redemption Date. Unless the company defaults in paying the Redemption Payment with respect to such Notes, the only remaining right of the Holders with respect to such Notes will be to receive payment of the Redemption Payment upon presentation and surrender of such Notes to the Trustee in its capacity as Paying Agent.
This redemption represents a significant financial decision for Fidus Investment Corporation. As a result of this move, the company will be able to reduce its outstanding debt and further strengthen its financial position. The market has reacted to these announcements by moving the company's shares -0.88% to a price of $20.37. Check out the company's full 8-K submission here.