Callidus Capital Corporation Files Preliminary Prospectus for Initial Public Offering

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

TORONTO, March 14, 2014 /CNW/ - Callidus Capital Corporation, a provider of flexible and innovative asset-based loans, has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada (except Québec) in connection with a proposed initial public offering (the "Offering") of its common shares.  A copy of the preliminary prospectus is available on SEDAR (www.sedar.com).

The Offering is being made through a syndicate of underwriters led by Canaccord Genuity Corp., and including CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., GMP Securities L.P., Desjardins Securities Inc. and Dundee Securities Ltd.

The preliminary prospectus contains important information relating to these securities, but remains subject to completion or amendment.  There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

Callidus is a portfolio company primarily owned by investment funds managed by The Catalyst Capital Group Inc.

About Callidus Capital Corporation

Callidus is a specialty asset-based lender, focused primarily on Canadian companies and select U.S. companies that are unable to obtain adequate financing from traditional lenders.  Callidus provides flexible and innovative loan structuring, with limited or no covenants and an efficient credit approval process.

About The Catalyst Capital Group Inc.

The Catalyst Capital Group Inc. is a Toronto-based private equity investment management firm that specializes in control and influence investments in Canada and has over $3 billion in assets under management

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Callidus in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE: Callidus Capital Corporation

For more information about Callidus, please contact:

David Reese
Chief Operating Officer
Callidus Capital Corporation
Telephone: [phone]
Email: [email protected]

For more information about The Catalyst Capital Group Inc., please contact:

Jim Riley
Chief Operating Officer
The Catalyst Capital Group Inc.
Telephone: [phone]
Email: [email protected]