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Sutherland Represents Fifth Street Finance Corp. in a $58.0 Million Shelf Offering

October 5, 2009

WASHINGTON (October 5, 2009) – Sutherland Asbill & Brennan LLP represented Fifth Street Finance Corp. (NYSE: FSC) in a shelf offering of approximately 5.5 million shares of its common stock (including the underwriters’ over-allotment option).  Fifth Street raised gross proceeds of approximately $58.0 million in the offering.

The Sutherland team representing Fifth Street Finance Corp. was led by Attorneys Steven B. Boehm, Harry S. Pangas and Anne W. Gray.  Wells Fargo Securities, LLC, and UBS Investment Bank served as joint book-running managers for the offering, and Stifel, Nicolaus & Company, Incorporated served as a joint lead manager.        

Inquiries related to this transaction may be directed to Steven B. Boehm, a partner in Sutherland’s Financial Services Group, at 202.383.0176 or, or Harry S. Pangas, a partner in Sutherland’s Corporate Group, at 202.383.0805 or

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.

Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world’s largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven major practice areas—corporate, energy and environmental, financial services, intellectual property, litigation, real estate, and tax—provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies.

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Sutherland Asbill & Brennan LLP is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

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