Business Development Company Fidus Investment (NASDAQ:FDUS) is offering a new baby bond. Full details are not yet available.
The notes will have an early redemption available in 2021 and will mature in 2024.
The notes will trade under the ticker of FDUSZ when they begin to trade in the next 10 days or so. There will be no OTC Grey market trading of this debt issue.
The issue is not rated and payments will be interest so there is no preferential tax treatment (NOT QDI).
At this time Fidus remains under the need to have a 200% asset coverage ratio–but this could change to 150% in the future.
The company has 1 other baby bond issue outstanding–the 5.875% notes due 2023 (NASDAQ:FDUSL).