SLR Investment Corp. Amends Credit Facility; Reduces Pricing and Extends Maturity
January 03 2022 - 8:30AM
SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”),
today reported that it has amended its senior secured credit
facility (“Credit Facility”). The amendment includes a reduction in
the Credit Facility’s pricing grid of 25 basis points, to LIBOR +
175 – 200 basis points, based on certain conditions. The Credit
Facility was expanded from $620 million to $700 million and
extended from 2024 to December 2026. Additionally, the amendment
enhanced the Credit Facility’s flexibility.
“We believe these improvements to our Credit
Facility further strengthen the Company’s funding profile and
represents one of several steps we will pursue to decrease the
Company’s average borrowing cost and extend the Company’s average
debt maturity,” said Michael Gross, Co-CEO of SLR Investment
Corp.
“We appreciate the support and confidence of our
financing partners, as we seek to further scale the Company,” said
Bruce Spohler, Co-CEO of SLR Investment Corp. “The amended Credit
Facility enhances our liquidity position and adds flexibility to
fund our robust investment pipeline in the fourth quarter and
heading into 2022.”
SLR Investment Corp. is investment grade rated by
Fitch and Moody’s.
About SLR Investment Corp.
SLR Investment Corp. is a closed-end
investment company that has elected to be regulated as a business
development company under the Investment Company Act of 1940. A
specialty finance company with expertise in several niche markets,
SLRC primarily invests directly and indirectly in leveraged, U. S.
middle market companies in the form of cash flow senior secured
loans including first lien and second lien debt instruments and
asset-based loans including senior secured loans collateralized on
a first lien basis primarily by current assets. For more
information, please visit: www.slrinvestmentcorp.com
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 our future performance, financial 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 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 applicable
law.
Contact SLR Investment Corp.
Investor Relations (646) 308-8770
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