Citibank Agents Solar Capital Facility Upsize to $555MM
Solar Capital entered into an amendment to its senior secured credit agreement increasing the amount to $555 million from $540 million. Citibank served as administrative agent.
Solar Capital entered into an amendment to its senior secured credit agreement increasing the amount to $555 million from $540 million. Citibank served as administrative agent.
Solar Capital reported its Crystal Financial asset-based lending unit funded new loans totaling $67.6 million Q2/2015.
Rapid Micro Biosystems announced the closing of its $16 million term loan facility with Solar Capital and a $3 million revolver with Comerica Bank.
Solar Capital said portfolio company Crystal Financial funded $130.4 million in new loans and had exits of $70.4 million in Q3/14.
Solar Capital announced the creation of a senior secured unitranche loan program in a joint venture with a fund managed by Pacific Investment Management.
The ABF Journal recently invited Ward Mooney, chief executive officer of Crystal Financial, to engage in a Q&A to provide our readers with some additional background into his one-year relationship with Solar Capital Ltd., while gaining insights into the current environment, the asset-based capital markets and what’s in store for 2014.
Crystal Financial has been acquired as a portfolio company by Solar Capital. Crystal will continue to operate as an independent commercial finance company.