SLR Investment Corp. closed its previously announced merger with SLR Senior Investment Corp., with SLR Investment Corp. as the surviving company.
SLR Investment Corp. amended its senior secured credit facility, reducing the facility’s pricing grid, expanding it to $700 million and extending the maturity to December 2026. According to an 8K filed with the SEC, Citibank is the administrative agent for the facility.
SLR Investment Corp. (SLRC) and SLR Senior Investment Corp. (SUNS) entered into an agreement to merge together, with SLRC as the surviving company, subject to stockholder approval and customary closing conditions.
SLR Capital Partners closed its healthcare direct lending funds (SLR HCLF), securing more than $480 million in equity commitments and reaching its initial target. With anticipated leverage, total available capital for SLR HCLF is expected to be more than $1 billion.
Phil Guerin, who currently serves as senior partner and head of originations for SLR Capital Partners, was named chief marketing officer of the company. Additionally, Guerin joined SLR Capital Partners’ investment committee.
Solar Capital Partners expanded its investment and business development capabilities by hiring four industry professionals, including Nandan Munshi, who previously served as an executive director in commercial banking at JPMorgan Chase.
Solar Capital Partners held the final closings of its SCP Private Corporate Lending Fund LP, SCP Cayman Debt Fund LP and SCP SF Debt Fund LP. More than $525 million of equity capital is committed to these new funds, primarily by institutional investors.
Solar Capital’s board of directors approved the reduction in the asset coverage requirement under of the Investment Company Act of 1940 as allowed under the Small Business Credit Availability Act.