Catalyst-owned Callidus Capital files for $600 mln shares offering

Specialty lender Callidus Capital Corp (TSX: CBL), a portfolio company of Canadian private equity firm Catalyst Capital Group, has filed a prospectus with securities regulatory authorities across Canada to make offerings of its common shares. Filings by the Toronto-based company, which went public in April, will allow it and/or certain selling shareholders to make offerings up to an aggregate initial offering price of $600 million during a 25-month period. Unless otherwise specified, the net proceeds from share sales will be used for general working capital purposes and to finance additional loans in the Callidus loan portfolio.


Callidus Capital Corporation Announces Filing of Preliminary Base Shelf Prospectus

TORONTO, Aug. 5, 2014 /CNW/ – Callidus Capital Corporation (“Callidus” or the “Company”) (TSX: CBL), a provider of flexible and innovative asset-based loans, announced today that it has filed a preliminary short form base shelf prospectus (the “Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada. These filings, when made final, will allow the Company and/or certain selling shareholders to make offerings of common shares in the capital of Callidus (the “Common Shares”) up to an aggregate initial offering price of C$600,000,000 during the 25-month period that the final short form base shelf prospectus, including any amendments thereto, remains effective. Common Shares may be offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement and, subject to applicable regulations, may include ‘at-the-market’ transactions, private placements, public offerings or strategic investments. Unless otherwise specified in a shelf prospectus supplement, the net proceeds from the sale of the Common Shares will be used for will be used for general working capital purposes and to finance additional loans in the Company’s loan portfolio.

A copy of the Prospectus may be obtained from the Company’s Corporate Secretary by emailing or directing a request to Callidus at 77 King Street West, Suite 4320, TD North Tower, P.O. Box 212, Toronto, Ontario M5K 1K2 (416) 987-1014 Attn: Corporate Secretary. The Prospectus can also be found on SEDAR at

No securities regulatory authority has either approved or disapproved the contents of this press release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Callidus Capital Corporation in any jurisdiction in which such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any U.S. state securities law and may not be offered or sold in the United States except in compliance with the registration requirements of said Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

About Callidus Capital Corporation

Established in 2003, Callidus Capital Corporation is a Canadian company that specializes in innovative and creative financing solutions for companies that are unable to obtain adequate financing from conventional lending institutions. Unlike conventional lending institutions who demand a long list of covenants and make credit decisions based on cash flow and projections, Callidus credit facilities have few, if any, covenants and are based on the value of the company’s assets, its enterprise value and borrowing needs. Callidus employs a proprietary system of monitoring collateral and exercising control over the cash inflow and outflows of each borrower, enabling Callidus to very effectively manage any risk of loss.

Forward-Looking Statements

Certain statements made herein contain forward-looking information, including statements concerning final prospectus filings, transaction terms, and the Company’s intended use of the net proceeds of any offering of Common Shares. Although Callidus believes these statements to be reasonable, the assumptions upon which they are based may prove to be incorrect. Furthermore, the forward-looking statements contained in this press release are made as at the date of this press release and Callidus does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

SOURCE Callidus Capital Corporation

For further information: David Reese, Chief Operating Officer, (416) 945-3016,

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