Solar Capital to raise funds for debt investments via stock offer

By Toni Weeks

San Diego, Jan. 7 - Solar Capital Ltd. will offer common shares, according to a 497 filing with the Securities and Exchange Commission.

The externally managed finance company seeks to generate current income and capital appreciation through debt and equity investments in the form of senior secured loans, mezzanine loans and equity securities.

The company will offer 6 million shares, with an additional 900,000 shares to cover over-allotments.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the bookrunners. SunTrust Robinson Humphrey, Inc. is the lead manager. BMO Capital Markets Corp. and RBC Capital Markets, LLC are the senior co-managers. BB&T Capital Markets and Ladenburg Thalmann & Co. Inc. are the co-managers.

The sales load is 3.75%.

New York-based Solar Capital Partners, the company's investment adviser, is led by Michael S. Gross and Bruce Spohler with the assistance of senior investment professionals Brian Gerson, Cedric Henley, David Mait and Suhail Shaikh.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.