SEC Filing Summary: Form 8-K
Business Context and Reporting Period
This Form 8-K was filed by Fifth Street Finance Corp. (NASDAQ: FSC) on December 14, 2012. The report details a corporate event regarding the issuance of additional common stock. Note: The request metadata references "Oaktree Specialty Lending Corp," but the filing text explicitly identifies the registrant as Fifth Street Finance Corp.
Key Financial Metrics
- Capital Raised: Gross proceeds of $7,743,000 from the issuance of 725,000 shares.
- Share Price: Issued at $10.68 per share.
- Shares Outstanding: Total common stock outstanding increased to 105,878,505 shares.
- Weighted Average Shares: Estimated at 94,886,844 for the quarter ending December 31, 2012.
- Other Metrics: The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change is the partial exercise of an underwriters' option from a public offering that closed on December 7, 2012. This transaction increased the company's share count and capital base immediately following the initial offering.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements regarding future performance, noting that actual results may differ materially due to inherent uncertainties. The company explicitly states it undertakes no obligation to update these statements. No specific financial guidance, management commentary on operations, or new risk factors were disclosed in this specific report.
Investor Verification Checklist
- Verify the identity of the registrant (Fifth Street Finance Corp.) versus the metadata request (Oaktree Specialty Lending Corp).
- Confirm the total capital raised from the initial offering (December 7) plus this partial option exercise.
- Review the impact of the increased share count (105,878,505) on earnings per share for the quarter ending December 31, 2012.
- Check subsequent filings for the deployment of the $7.74 million in gross proceeds.