GSV Capital Corp. Announces Expiration and Final Results of Tender Offer for Its Outstanding 5.25% Convertible Senior Notes d...
17 Januar 2018 - 10:15PM
GSV Capital Corp. (“GSV Capital” or the
“Company”) (Nasdaq:GSVC) announced today the
expiration and final results of the Company’s previously announced
offer to purchase (the “Tender Offer”) for cash any and all of its
outstanding 5.25% Convertible Senior Notes due 2018 (CUSIP
No. 36191J AB7) (the “Notes”).
The Tender Offer expired at 12:00 midnight, New York City time,
on January 17, 2018 (one minute after 11:59 p.m., New York City
time, on January 16, 2018). As of the expiration date of the Tender
Offer, $4,820,000 aggregate principal amount of the Notes,
representing approximately 7.0% of the outstanding Notes, were
validly tendered and not validly withdrawn pursuant to the Tender
Offer. The Company has accepted for purchase all Notes that were
validly tendered and not validly withdrawn pursuant to the Tender
Offer at a purchase price equal to $1,005.00 per $1,000 principal
amount of Notes (plus accrued and unpaid interest on such Notes, if
any, from September 15, 2017, up to, but not including, the
settlement date). The Company expects the settlement date of the
Tender Offer to be January 19, 2018.
Following settlement of the Tender Offer, approximately
$64,180,000 aggregate principal amount of Notes will remain
outstanding.
Global Bondholder Services Corporation served as the information
agent and the depositary for the Tender Offer.
This press release is for informational purposes only and is
neither an offer to buy nor the solicitation of an offer to sell
any Notes. The Tender Offer is being made solely pursuant to the
Offer to Purchase, the Letter of Transmittal and related materials,
as they may be amended or supplemented. Holders of the Notes should
read the Company’s commencement Tender Offer statement on Schedule
TO filed with the SEC on December 15, 2017 in connection with
the Tender Offer, which includes as exhibits the Offer to Purchase,
the Letter of Transmittal and related materials, as well as any
amendments or supplements to the Schedule TO. Each of these
documents has been filed with the SEC, and holders of the Notes may
obtain them for free from the SEC at its website (www.sec.gov) or
from the Company’s information agent in connection with the Tender
Offer at (212) 430-3774 (US toll-free) or (866) 470-4200
(collect).
About GSV Capital Corp.
GSV Capital Corp. (GSVC) is a publicly traded
investment fund that seeks to invest in high-growth, venture-backed
private companies. Led by industry veteran Michael Moe and CEO Mark
Klein, the fund seeks to create a portfolio of high-growth emerging
private companies via a repeatable and disciplined investment
approach, as well as to provide investors with access to such
companies through its publicly traded common stock. GSV Capital is
headquartered in Woodside, CA. www.gsvcap.com
Follow GSV Capital on Twitter: @gsvcap
Forward-Looking Statements
Statements included herein may constitute
“forward-looking statements,” which relate to future events or our
future performance or financial condition. These statements are not
guarantees of our future performance, condition or results of
operations and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those
described from time to time in our filings with the SEC. GSV
Capital Corp. undertakes no duty to update any forward-looking
statements made herein, unless required to do so by law.
Contact
GSV Capital Corp.(650) 235-4769IR@gsvam.com
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