WHITE PLAINS, N.Y., May 18, 2009 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) releases an update to its SBIC application.
We are not issuing a full newsletter this month since we announced our second fiscal quarter earnings on May 7th, but we did want to provide an update to our SBIC application process. We met with the investment committee of the Investment Division of the SBA last week as a required first step in the SBIC application process. Subsequent to that meeting, the investment committee invited us to continue moving forward through the licensing process and begin the formal licensing application process. Our application is subject to the approval of the SBA; however, we remain cautiously optimistic that we will complete the licensing process. That being said, we have received no assurance or indication from the SBA that we will receive a license, or of the timeframe in which we would receive a license, should one ultimately be issued to us.
We look forward to providing further updates to you in our June newsletter.
Sincerely,
The Fifth Street Team
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Forward-Looking Statements
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