SLR Investment Corp. Announces Formation of SLR Senior Lending Program
October 12 2022 - 9:15AM
SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”)
announces that it has entered into a joint venture agreement with
SunStone Senior Credit L.P. (the “Investor”) to create SLR Senior
Lending Program LLC (“SSLP”). The joint venture is expected to
invest primarily in senior secured cash flow loans.
SLR Investment Corp. and the Investor each have
made initial equity commitments of $50 million, resulting in a
total equity commitment of $100 million. SSLP intends to seek third
party financing to allow the joint venture to utilize leverage. The
Company and the Investor expect to begin funding SSLP with
investments prior to the end of 2022. Investment decisions and all
other material decisions in respect of SSLP must be approved by
representatives of the Company and the Investor.
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,
the Company primarily invests in leveraged, U.S. upper middle
market companies in the form of cash flow, asset-based, and life
sciences senior secured loans.
Forward-Looking Statements
Some of the statements in this press release
constitute forward-looking statements because they relate to future
events, future performance or financial condition. The
forward-looking statements may include statements as to: future
operating results of SLRC and distribution projections; business
prospects of SLRC and the prospects of its portfolio companies; and
the impact of the investments that SLRC expects to make. In
addition, words such as “anticipate,” “believe,” “expect,” “seek,”
“plan,” “should,” “estimate,” “project” and “intend” indicate
forward-looking statements, although not all forward-looking
statements include these words. The forward-looking statements
contained in this press release involve risks and uncertainties.
Certain factors could cause actual results and conditions to differ
materially from those projected, including the uncertainties
associated with (i) changes in the economy, financial markets and
political environment; (ii) risks associated with possible
disruption in the operations of SLRC or the economy generally due
to terrorism, natural disasters or the COVID-19 pandemic; (iii)
future changes in laws or regulations (including the interpretation
of these laws and regulations by regulatory authorities); (iv)
conditions in SLRC’s operating areas, particularly with respect to
business development companies or regulated investment companies;
(v) general considerations associated with the COVID-19 pandemic;
and (vi) other considerations that may be disclosed from time to
time in SLRC’s publicly disseminated documents and filings. SLRC
has based the forward-looking statements included in this press
release on information available to it on the date of this press
release, and SLRC assumes no obligation to update any such
forward-looking statements. Although SLRC undertakes no obligation
to revise or update any forward-looking statements, whether as a
result of new information, future events or otherwise, you are
advised to consult any additional disclosures that it may make
directly to you or through reports that SLRC in the future may file
with the Securities and Exchange Commission, including annual
reports on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K.
ContactSLR Investment Corp.Investor
Relations(646) 308-8770
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