Company sells 1,086,954 shares at $9.20 each to investment adviser
By Toni Weeks
San Luis Obispo, Calif., Sept. 8 – NexPoint Capital, Inc. settled a $10 million private placement of stock on Sept. 2, according to an 8-K filing with the Securities and Exchange Commission.
The company issued 1,086,954 shares at $9.20 apiece to its investment adviser, NexPoint Advisors, LP and its affiliates.
The private placement is a result of the company being required to raise $10 million of gross proceeds within one year from the date the SEC declared the company’s registration statement on Form N-2 effective to satisfy the minimum offering requirement. According to the filing, that requirement was satisfied, and the company officially began operations on Sept. 2.
Dallas-based NexPoint Capital, Inc., formerly NexPoint Capital, LLC, is a newly organized, externally managed, non-diversified, closed-end management investment company that seeks to generate current income and capital appreciation primarily through investments in middle-market companies, with an emphasis on health-care companies, syndicated floating-rate debt of large companies and mezzanine and equity tranches of collateralized loan obligations.
| Issuer: | NexPoint Capital, Inc.
|
| Issue: | Common stock
|
| Amount: | $9,999,976.80
|
| Shares: | 1,086,954
|
| Price: | $9.20
|
| Investor: | NexPoint Advisors, LP
|
| Settlement date: | Sept. 2
|
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