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NEW YORK, February 24, 2021 (GLOBE NEWSWIRE) – Solar Senior Capital Ltd. (Nasdaq: SUNS) announced today 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 change Simultaneous branding of the platform of SUNS ‘investment adviser, Solar Capital Partners, into SLR Capital Partners (“SLR” or the “Advisor”). The new names will use a single brand on the platform. SLR Senior Investment will continue to trade on the Nasdaq under the symbol SUNS.
SUNS will continue to provide US middle market borrowers with a wide range of financing solutions as well as to seek attractive investment opportunities and complementary lending strategies. The Company will maintain its strategy of investing in cash loans and asset loans.
“The platform rebranding reflects our diversified commercial finance company with a number of direct lending strategies,” said Bruce Spohler, co-CEO of SLR Senior Investment Corp. “Our specialty finance activities have allowed us to build a resilient portfolio that has performed extremely well. through this crisis. “*
“Since completing our IPO almost 10 years ago, we have focused on investing in senior secured loans for companies in the defensive sectors,” said Michael Gross, co-CEO of SLR Senior Investment Corp. “The rebranding reflects our holistic approach to direct lending. “
The new names of SLR Senior Investment’s specialist finance companies will reflect our integrated subscription platform:
- North Mill Capital will become SLR Business Credit. SLR Business Credit is a leading trade finance company that provides working capital through senior secured asset finance to small and medium-sized businesses, primarily in the manufacturing, service and distribution industries.
- Gemino Healthcare Finance will become SLR Healthcare ABL. SLR Healthcare ABL is a commercial finance company that primarily creates, underwrites and manages secured asset-based loans for small and medium-sized businesses 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 specialized finance company with expertise in several niche markets, SLR Senior Investment primarily invests in the middle market private business secured loans to generate current income which is distributed to shareholders each month.
About SLR Capital PartnersSLR Capital Partners is an SEC-registered investment adviser that invests primarily directly in leveraged US mid-market companies in the form of senior cash flow and asset-based secured instruments. Currently, the advisor manages over $ 7.5 billion of investable capital, including potential leverage, in its public and private BDCs, private credit funds and separately managed accounts, including as an investment advisor. of two publicly traded business development companies, SLR Investment Corp. (Nasdaq: SLRC) and SLR Senior Investment Corp. (Nasdaq: SUNS).
Since its inception in 2006, the 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 across multiple credit cycles.
Statements included in this document may constitute “forward-looking statements”, which relate to future events or our future financial performance or conditions. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and the significant market volatility in our business, our portfolio companies, our industry and the global economy. Actual results may differ materially from forward-looking statements due to a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. SLR Senior Investment Corp. assumes no obligation to update any forward-looking statements contained in this document, except as required by law.
* Past performance is no guarantee of future results.
ContactSLR Senior Investment Corp. Investor Relations (646) 308-8770
Source: Solar Senior Capital Ltd.