Solar Capital Ltd. to Change Name to SLR Investment Corp.; Investment Advisor Rebrands Platform
February 24 2021 - 5:17PM
Solar Capital Ltd. (Nasdaq: SLRC) today announced that it will
change its name to SLR Investment Corp. (“SLR Investment,” “SLRC,”
or the “Company”), effective February 25, 2021. This will reflect
the concurrent platform rebranding of SLRC’s investment advisor,
Solar Capital Partners, to SLR Capital Partners (“SLR” or the
“Advisor”). The new names will utilize one brand across the
platform. SLR Investment will continue to trade on the Nasdaq under
the symbol SLRC.
SLRC 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, asset-based and life science loans, as well
as equipment financings, and corporate leases.
"The platform’s rebranding reflects our
diversified commercial finance firm with a wide range of direct
lending strategies supported by experienced investment teams,” said
Michael Gross, Co-CEO of SLR Investment Corp. “Our strategy of
building attractive specialty finance businesses, furthered by the
recent acquisition of Kingsbridge Holdings, should drive growth in
net investment income.”
“Since completing our IPO more than 11 years
ago, we have focused on expanding our access to high yielding first
lien senior secured loans to companies in defensive industries,”
said Bruce Spohler, Co-CEO of SLR Investment Corp. “We believe this
rebranding reflects our holistic approach to credit investing.”
SLR Investment’s specialty finance companies'
new names will reflect our integrated underwriting platform:
- Crystal Financial will become SLR Credit Solutions. SLR Credit
Solutions is a leading provider of direct private credit, focused
on delivering complex, creative credit solutions to middle-market
companies, across diverse industries, that require flexible
asset-based and cash flow financing solutions to achieve their
objectives
- Nations Equipment Finance will become SLR Equipment Finance.
SLR Equipment Finance is a leading independent equipment finance
company that provides senior secured financings to primarily
non-investment grade U.S. based companies
- Kingsbridge Holdings, a portfolio company acquired by SLR
Investment Corp during the fourth quarter of 2020, will retain its
name. Kingsbridge Holdings is a leading independent mid-ticket
lessor of information technology, industrial, healthcare and
commercial essential-use equipment to a diverse set of investment
grade customers.
About SLR Investment Corp.SLR 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 Investment primarily invests directly
and indirectly in leveraged, U. S. middle market companies in the
form of cash flow senior secured loans and asset-based loans.
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 investments. 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 StatementsStatements 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 Investment Corp. undertakes
no duty to update any forward-looking statements made herein,
unless required to do so by law.
ContactSLR Investment Corp.Investor
Relations(646) 308-8770
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