24/06/2008 14:40:00

Sutherland Represents Fifth Street Finance Corp. in Initial Public Offering

Sutherland represented Fifth Street Finance Corp. (NYSE: FSC) in

connection with its initial public offering of 10,000,000 shares of its

common stock for total proceeds of approximately $141.2 million, before

the underwriting discounts and commissions and estimated offering

expenses. Goldman, Sachs & Co., UBS Investment Bank and Wachovia Capital

Markets, LLC acted as joint book-running managers and representatives of

the underwriters in connection with the initial public offering.

Fifth Street Finance Corp. is a specialty finance company, based in

White Plains, New York, that lends to, and invests in, small and

mid-sized companies in connection with investments by private equity

sponsors.

The Sutherland team representing Fifth Street Finance Corp. was led by Steven

B. Boehm, Harry S. Pangas and Anne W. Gray.

Inquiries related to this transaction may be directed to Steven B.

Boehm, a partner in Sutherlands Financial

Services Group, at 202.383.0176 or steven.boehm@sutherland.com,

or Harry S. Pangas, a partner in Sutherlands

Corporate Group, at 202.383.0805 or harry.pangas@sutherland.com.

ABOUT SUTHERLAND

Sutherland is a law firm with global reach known for solving challenging

business problems and resolving unique legal issues for many of the worlds

largest companies. Founded in 1924, the firm has grown to more than 500

lawyers handling matters in every part of the world. Seven major

practice areas corporate, financial

services, energy and environmental, intellectual property, litigation,

real estate and tax provide the framework

that contains an extensive range of specialty areas, allowing its

lawyers to serve a diverse client base that includes a number of Fortune

500 companies.

Sutherland

Megan Miotti, 404-853-8438

megan.miotti@sutherland.com

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