Solar Capital Ltd. to Change Name to SLR Investment Corp.; Investment Advisor Rebrands Platform
February 24, 2021 at 17:17 PM EST
NEW YORK, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Solar Capital Ltd. (Nasdaq: SLRC) today announced that it will change its name to SLR Investment Corp. (“SLR Investment,” “SLRC,” or the “Company”), effective February 25, 2021. This will reflect the concurrent platform rebranding of SLRC’s investment advisor, Solar Capital Partners, to SLR Capital Partners (“SLR” or the “Advisor”). The new names will utilize one brand across the platform. SLR Investment will continue to trade on the Nasdaq under the symbol SLRC.
SLRC will continue to provide U.S. middle market borrowers with a broad suite of financing solutions as well as pursue attractive investment opportunities and complementary lending strategies. The Company will maintain its strategy of investing in cash flow, asset-based and life science loans, as well as equipment financings, and corporate leases.
"The platform’s rebranding reflects our diversified commercial finance firm with a wide range of direct lending strategies supported by experienced investment teams,” said Michael Gross, Co-CEO of SLR Investment Corp. “Our strategy of building attractive specialty finance businesses, furthered by the recent acquisition of Kingsbridge Holdings, should drive growth in net investment income.”
“Since completing our IPO more than 11 years ago, we have focused on expanding our access to high yielding first lien senior secured loans to companies in defensive industries,” said Bruce Spohler, Co-CEO of SLR Investment Corp. “We believe this rebranding reflects our holistic approach to credit investing.”
SLR Investment’s specialty finance companies' new names will reflect our integrated underwriting platform:
About SLR Investment Corp.
About SLR Capital Partners
Since its formation in 2006, 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 through multiple credit cycles.