GSV Capital sees tenders of $4.82 million 5.25% convertibles due 2018

By Wendy Van Sickle

Columbus, Ohio, Jan. 17 – GSV Capital Corp. said it received tenders of $4.82 million, or 7%, of its $69 million principal amount of 5.25% convertible senior notes due 2018 by the expiration of its tender offer announced on Dec. 15.

The offer expired at midnight ET on Jan. 17.

GSV will pay $1,005 per $1,000 principal amount plus accrued interest up to but excluding the settlement date, which is expected to be Jan. 19.

The offer was not conditioned upon the receipt of financing or any minimum amount of notes being tendered.

Following settlement of the tender offer, $64.18 million of the convertibles will remain outstanding.

The information agent is Global Bondholder Services Corp. (212 430-3774 or 866 470-4200).

GSV is an investment fund based in Woodside, Calif.

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