KCAP Financial Offers Bonds Due 2022

KCAP Financial said on Tuesday it is offering notes due 2022 in an underwritten public offering, subject to market and other conditions, to raise funds for general corporate purposes.

The company said it intends to list the notes on the Nasdaq Global Select Market and expects them to start trading within 30 days of the original issue date. The interest rate and other terms of the notes will be determined at the time of pricing of the offering, it said. The shares were marginally lower on Tuesday.

By Kristin Senesi