WHITE PLAINS, N.Y., April 7, 2009 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) ("Fifth Street") today announced the closing of a $25.1 million first lien credit facility to fund the acquisition of a medical products company (the "Company") by Riverside Partners, LLC ("Riverside"). The Company is a provider of high quality medical markers used in radiology, radiation therapy, and image guided surgery procedures.
"We are pleased to close another deal with our partners at Riverside even in this time when credit is scarce. The strong deals and top performing private equity firms will always find financing," said Leonard Tannenbaum, President and CEO of Fifth Street.
Terms of the transaction were not disclosed.
About Fifth Street Finance Corp.
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. Fifth Street Finance Corp.'s investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments.
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