UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
To Section 13 Or 15(d) of The Securities Exchange Act of
1934
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Date
of report (Date of earliest event reported): January 25,
2008
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GSC
Investment Corp.
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(Exact
name of registrant
as
specified in charter)
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Maryland
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001-33376
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20-8700615
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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888
Seventh Avenue, New York, NY 10019
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(Address
of principal executive offices)
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Registrant’s
telephone number, including area code: (212) 884-6200
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N/A
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(Former
name or former address, if changed since last report)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
8.01 Other
Events.
On
January 25, 2008, GSC Investment
Corp. issued a press release announcing the closing of a $30 million equity
investment in a $400 million collateralized loan obligation fund. A copy of
the
press release is attached hereto as Exhibit 99.1, the text of which is
incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits.
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Exhibit
No.
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Description
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99.1
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Press
Release dated January 25, 2008
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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GSC
Investment Corp.
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Date:
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January
28, 2008
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By:
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/s/ David L. Goret | ||
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Name:
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David
L. Goret
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Title:
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Vice
President and Secretary
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Exhibit
99.1
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Investor
Contacts: Carl J. Crosetto
GSC
Group
973-437-1007
Michael
H. Yip
GSC
Group
973-593-5424
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GSC
Investment Corp. Makes $30 Million CLO Investment
__________________________________________
NEW
YORK,
January 25, 2008 – GSC Investment Corp. (NYSE:GNV), a business development
company, announced the closing on Tuesday of a $30 million equity investment
in
a $400 million collateralized loan obligation fund (the “CLO”). The
CLO was 70% invested at closing and will invest primarily in U.S. senior
secured
leveraged loans. GSC Investment Corp. purchased the entire $30
million equity tranche of the CLO.
“The
equity investment demonstrates our continued ability to effectively deploy
capital in a challenging market,” said CEO Thomas Inglesby.
In
addition to its equity investment in the CLO, GSC Investment Corp. will serve
as
fund manager and will earn aggregate management fees on the assets of the
CLO of
0.50% per annum. For the CLO’s first year of operations, the
management fees are expected to total approximately $2 million.
The
securities issued by the CLO have not been and will not be registered under
the
Securities Act of 1933, as amended from time to time, and may not be offered
or
sold in the United States absent registration or an applicable exemption
from
registration requirements.
About
GSC Investment Corp.
GSC
Investment Corp. is a specialty finance company externally managed by GSC
Group
that invests primarily in first and second lien term loans and mezzanine
debt of
private, U.S. middle-market companies and high yield bonds. It has
elected to be treated as a business development company under the Investment
Company Act of 1940. GSC Investment Corp. is traded on the New York Stock
Exchange under the symbol “GNV.”
Forward
Looking Statements
Information
provided in this press release, including valuation of certain of our
investments, may contain statements relating to current expectations, estimates,
forecasts and projections about future events that are forward-looking
statements. These forward-looking statements generally relate to GSC
Investment Corp.’s plans, objectives and expectations for future operations and
are based upon management’s current estimates and projections of future results
or trends. Actual future results may differ materially from those
projected as a result of certain risks and uncertainties. For a
discussion of such risks and uncertainties, see “Note About Forward-Looking
Statements” included in the Company’s 10-K which has been filed with the U.S.
Securities and Exchange Commission. These forward-looking statements
are made only as of the date hereof, and GSC Investment Corp. undertakes
no
obligation to update or revise the forward-looking statements, whether as
a
result of the new information, future events or otherwise.
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