Solar Capital to sell six-year notes; funds to repay credit facility

By Devika Patel

Knoxville, Tenn., Nov. 13 – Solar Capital Ltd. intends to offer notes (//BBB-) due 2023, according to a prospectus filed with the Securities and Exchange Commission.

The notes have a make-whole call feature and then are callable at par.

J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to pay down debt under the company’s credit facility.

Solar Capital is a business development company based in New York.

© 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.