GSV Capital Corp. Announces Expiration and Final Results of Tender Offer for Its Outstanding 5.25% Convertible Senior Notes due 2018

 

WOODSIDE...January 18, 2018 -- 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amount of the Notes, representing approximately 7.0% of the outstanding Notes, were validly tendered and not validly withdrawn pursuant to the Tender Offer. The Company has accepted for purchase all Notes that were validly tendered and not validly withdrawn pursuant to the Tender Offer at a purchase price equal to $1,005.00 per $1,000 principal amount of Notes (plus accrued and unpaid interest on such Notes, if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.

 

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