Solar Capital ups revolving facility to $355 million, in talks for additional increase

By Sara Rosenberg

New York, June 23 - Solar Capital Ltd. increased its revolving credit facility to $355 million and is in talks with other lenders to further increase the size, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

The upsizing was completed on June 23 and was possible because a new lender committed $35 million to the facility.

In total, the revolver is able to be expanded to $600 million.

Solar Capital is a New York-based closed-end investment company that invests primarily in leveraged, middle-market companies in the form of senior secured loans, mezzanine loans and equity securities.

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