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Symphony Floating Rate Senior Loan Fund Announces Overnight Offering

Globe Newswire - Thu Jun 2, 2022

Not for distribution to U.S. newswire services or for dissemination in the United States.

TORONTO, June 02, 2022 (GLOBE NEWSWIRE) -- (TSX: SSF.UN) Symphony Floating Rate Senior Loan Fund (the “Fund”) is pleased to announce an overnight treasury offering of class A and class F units (the “Class A Units” and “Class F Units”, respectively). Gross proceeds of the offering are expected to be approximately $5.5 million. The offering is expected to close on or about June 9, 2022 and is subject to certain closing conditions. The Fund has granted the Agents (as defined below) an over-allotment option, exercisable for 30 days following the closing date of the offering, to purchase up to an additional 15% of the aggregate number of Class A Units issued at the closing of the offering.

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