Solar Senior Capital Ltd. to Change Name to SLR Senior Investment Corp.; Investment Advisor Rebrands Platform
February 24 2021 - 05:16PM
Solar Senior Capital Ltd. (Nasdaq: SUNS) today announced that
it will change its name to SLR Senior Investment Corp (“SLR Senior
Investment,” “SUNS,” or the “Company”), effective February 25,
2021. This will reflect the concurrent platform rebranding of SUNS’
investment advisor, Solar Capital Partners, to SLR Capital Partners
(“SLR” or the “Advisor”). The new names will utilize one brand
across the platform. SLR Senior Investment will continue to trade
on the Nasdaq under the symbol SUNS.
SUNS will continue to provide U.S. middle market
borrowers with a broad suite of financing solutions as well as
pursue attractive investment opportunities and complementary
lending strategies. The Company will maintain its strategy of
investing in cash flow loans and asset-based loans.
"The platform’s rebranding reflects our
diversified commercial finance firm with a number of direct lending
strategies,” said Bruce Spohler, Co-CEO of SLR Senior Investment
Corp. “Our specialty finance businesses have enabled us to
construct a resilient portfolio that has performed extremely well
through this crisis.”*
“Since completing our IPO nearly 10 years ago,
we have focused on investing in senior secured loans for companies
in defensive industries,” said Michael Gross, Co-CEO of SLR Senior
Investment Corp. “The rebranding reflects our holistic approach to
direct lending.”
SLR Senior Investment’s specialty finance
companies’ new names will reflect our integrated underwriting
platform:
- North Mill Capital will become SLR
Business Credit. SLR Business Credit is a leading asset-based
lending commercial finance company that provides working capital
through senior secured asset-based financings to
small-to-medium-sized businesses primarily in the manufacturing,
services and distribution industries
- Gemino Healthcare Finance will
become SLR Healthcare ABL. SLR Healthcare ABL is a commercial
finance company that originates, underwrites and manages primarily
secured, asset-based loans for small and mid-sized companies
operating exclusively in the healthcare industry that provide
healthcare products and services
About SLR Senior Investment Corp.SLR Senior
Investment Corp. is a closed-end investment company that has
elected to be treated as a business development company under the
Investment Company Act of 1940. A specialty finance company with
expertise in several niche markets, SLR Senior Investment primarily
invests primarily in senior secured loans of private middle market
companies to generate current income that is distributed to
shareholders monthly.
About SLR Capital PartnersSLR Capital Partners
is an SEC-registered investment adviser that primarily invests
directly in leveraged, U.S. middle market companies in the form of
cash flow and asset-based senior secured instruments. Currently,
the Advisor manages over $7.5 billion of investable capital,
including potential leverage, across its public and private BDCs,
private credit funds and separately managed accounts, including
serving as the investment adviser to two publicly-traded Business
Development Companies, SLR Investment Corp. (Nasdaq: SLRC) and SLR
Senior Investment Corp. (Nasdaq: SUNS).
Since its formation in 2006, SLR Capital
Partners’ platform has invested over $13.0 billion in approximately
1,300 different portfolio companies with approximately 200 private
equity sponsors. The platform was founded by Michael Gross and
Bruce Spohler, who each have over 30 years of investment experience
through multiple credit cycles.
Forward-Looking Statements
Statements included herein may constitute
“forward-looking statements,” which relate to future events or our
future performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties, including the impact of
COVID-19 and related changes in base interest rates and significant
market volatility on our business, our portfolio companies, our
industry and the global economy. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in our filings with the Securities and Exchange Commission. SLR
Senior Investment Corp. undertakes no duty to update any
forward-looking statements made herein, unless required to do so by
law.
*Past performance does not guarantee future results.
ContactSLR Senior Investment Corp.Investor
Relations(646) 308-8770
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