Fifth Street Finance Corp. (NYSE: FSC) reported Friday that the company issued a first-quarter profit estimate that could fall short of analysts’ estimates.
The business financing company estimated net investment income of 21 cents per share to 24 cents per share for the final three months of the year. Analysts polled by Thomson Reuters expect a profit of 24 cents per share, on average.
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In addition, Fifth Street said it received a nonbinding term sheet from a lender for a potential additional credit line of up to $100 million.
In afternoon trading, shares of Fifth Street Finance fell 54 cents, or 4.6 percent, to $11.21.
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