By Devika Patel
Knoxville, Tenn., Jan. 12 – SLR Investment Corp. completed a private placement of $135 million of 3.3% five-year senior unsecured notes, according to a press release and 8-K filed with the Securities and Exchange Commission. The deal priced on Jan. 6.
Proceeds will initially be used to reduce debt under the company’s revolving credit facility before funding investments and general corporate purposes.
SLR Investment is a specialty finance company that invests in leveraged U.S. middle market companies in the form of 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.
| Issuer: | SLR Investment Corp.
|
| Issue: | Senior unsecured notes
|
| Amount: | $135 million
|
| Maturity: | Jan. 6, 2027
|
| Coupon: | 3.3%
|
| Pricing date: | Jan. 6
|
| Announcement date: | Jan. 12
|
| Distribution: | Private placement
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
