Filed
pursuant to Rule 497(a)(1)
File
No.
333-151268
Rule
482ad
KOHLBERG
CAPITAL ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
New
York,
NY, September 3, 2008 (PRIME NEWSWIRE) — Kohlberg Capital Corporation (NASDAQ:
KCAP), a publicly traded business development company, today announced that
it
plans to offer 4,500,000 shares of its common stock in a public offering. In
connection with the offering, the company intends to grant the underwriters
an
option to purchase up to an additional 675,000 shares to cover over-allotments,
if any.
The
company expects to use the net proceeds of this offering for general corporate
purposes which include investing in portfolio companies in accordance with
its
investment objective and strategies.
The
joint
book-running managers for the offering are UBS Investment Bank and JMP
Securities. The co-managers are BMO Capital Markets Corp, Oppenheimer & Co.
Inc. and Stifel, Nicolaus & Company, Incorporated.
Investors
are advised to carefully consider the investment objectives, risks and charges
and expenses of Kohlberg Capital Corporation before investing. The preliminary
prospectus supplement together with the related base prospectus contain this
and
other information about Kohlberg Capital Corporation. The prospectus supplement
together with the related base prospectus should be read carefully before
investing.
A
copy of
the preliminary prospectus supplement for the offering together with the related
base prospectus may be obtained from UBS Investment Bank, Prospectus Department,
299 Park Avenue, New York, NY 10171, (212) 821-3000 and JMP Securities, 600
Montgomery Street, 11th Floor, San Francisco, CA 94111, (415)
835-8900.
This
press release does not constitute an offer to sell or the solicitation of an
offer to buy nor will there be any sale of the shares referred to in this press
release in any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction.
About
Kohlberg Capital Corporation (KCAP):
Kohlberg
Capital Corporation is a publicly traded, internally managed business
development company. Our middle market investment business originates,
structures, finances and manages a portfolio of term loans, mezzanine
investments and selected equity securities in middle market companies. Our
wholly-owned portfolio company, Katonah Debt Advisors, manages CLO funds that
invest in broadly syndicated corporate term loans, high-yield bonds and other
credit instruments. Kohlberg Capital Corporation’s filings with the Securities
and Exchange Commission, earnings releases, press releases and other financial,
operational and governance information are available on the Company’s website at
www.kohlbergcapital.com.
The
Kohlberg Capital logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=3121
Forward-Looking
Statements:
This
press release contains forward-looking statements (i.e., statements that are
not
historical facts) describing the Company’s future plans and objectives. The
matters discussed in this press release, as well as in future oral and written
statements by management of Kohlberg Capital Corporation, that are
forward-looking statements are based on current management expectations that
involve substantial risks and uncertainties which could cause actual results
to
differ materially from the results expressed in, or implied by, these
forward-looking statements. Forward-looking statements relate to future events
or our future financial performance. We generally identify forward-looking
statements by terminology such as “may,” “will,” “should,” “expects,” “plans,”
“anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,”
“believes,” “estimates,” “predicts,” “potential” or “continue” or the negative
of these terms or other similar words. Important assumptions include our ability
to complete the proposed offering, our ability to originate new investments,
achieve certain margins and levels of profitability, the availability of
additional capital, and the ability to maintain certain debt to asset ratios.
In
light of these and other uncertainties, the inclusion of a projection or
forward-looking statement in this press release should not be regarded as a
representation by us that our plans or objectives will be achieved. Further
information about factors that could affect our financial and other results
is
included in our filings with the Securities and Exchange Commission. We do
not
undertake to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as required
to be reported under the rules and regulations of the Securities and Exchange
Commission.
Contact:
Kohlberg
Capital Corporation
Investor
Relations
Denise
Rodriguez
(212)
455-8300
info@kohlbergcapital.com