|Solar Capital Ltd. (“Solar Capital”) is a closed-end, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940 and intends to be taxed as a regulated investment company under Subchapter M of the Internal Revenue Code. |
Solar Capital Ltd. invests primarily in leveraged, middle-market companies in the form of senior secured loans, mezzanine loans and equity securities. Solar Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Solar Capital does this through applying private equity style investing to credit and non-control equity opportunities as well as a value-oriented focus on preservation of capital. Solar Capital maintains this investment philosophy through a disciplined approach to rigorous monitoring.
|11/10/16||Solar Capital Ltd. Issues $50 Million of Unsecured Private Notes|
|NEW YORK, NY -- (Marketwired) -- 11/10/16 --
Solar Capital Ltd. (NASDAQ: SLRC) (the "Company") has issued $50 million of five-and-a-half year senior unsecured notes in a private placement with a fixed interest rate of 4.4% and a maturity date of May 8, 2022 (the "Notes"). Interest on the Notes will be payable semi-annually. The proceeds from the issuance will be used to reduce outstanding borrowings on the Company's revolving credit facility, fund new portfolio investments, and for general cor... |
|11/02/16||Solar Capital Ltd. Announces Quarter Ended September 30, 2016 Financial Results; 1% NAV Increase and $0.45 NII per Share, Excluding One-time Credit Facility Amendment Expenses; Declares Quarterly Distribution of $0.40 per Share for Q4, 2016|
|NEW YORK, NY -- (Marketwired) -- 11/02/16 --
Solar Capital Ltd. (NASDAQ: SLRC) (the "Company" or "Solar Capital"), today reported net investment income, excluding the net impact of non-recurring expenses, of $19.1 million, or $0.45 per average share, for the quarter ended September 30, 2016. Including approximately $2.7 million of non-recurring expenses related to the amendment and extension of our credit facility, net investment income was $17.0 million, or $0.40 per average share for the thi... |
|10/04/16||Solar Capital Ltd. Schedules the Release of Its Financial Results for the Quarter Ended September 30, 2016|
|NEW YORK, NY -- (Marketwired) -- 10/04/16 --
Solar Capital Ltd. (the "Company") (NASDAQ: SLRC) today announced that it will release its financial results for the quarter ended September 30, 2016 on Wednesday, November 2, 2016 after the close of the financial markets.
The Company will host an earnings conference call and audio webcast at 10:00 a.m. (Eastern Time) on Thursday, November 3, 2016.
All interested parties may participate in the conference call by dialing (844) 889-7786 approximate... |
|08/02/16||Solar Capital Ltd. Announces Quarter Ended June 30, 2016 Financial Results; Net Asset Value Increase of 2.0%; Declares Quarterly Distribution of $0.40 per Share for Q3, 2016|
|NEW YORK, NY -- (Marketwired) -- 08/02/16 --
Solar Capital Ltd. (NASDAQ: SLRC) (the "Company" or "Solar Capital"), today reported net investment income of $19.5 million, or $0.46 per share, for the quarter ended June 30, 2016.
At June 30, 2016, net asset value (NAV) grew to $21.51 per share. The 2.0% increase in NAV from the prior quarter resulted from unrealized appreciation due to a combination of a positive mark-to-market technical impact on investment fair values and fundamental improvem... |