By Sarah Lizee
Olympia, Wash., March 31 – Solar Senior Capital Ltd. sold $85 million of 3.9% five-year senior notes in a private placement, according to a press release.
Proceeds will be used to reduce borrowings under the company’s revolving credit facilities before funding additional investments and for general corporate purposes.
Based in New York, Solar Senior Capital invests primarily in leveraged, middle-market companies in the form of senior secured loans, including first-lien, unitranche and second-lien debt instruments.
| Issuer: | Solar Senior Capital Ltd.
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| Issue: | Senior notes
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| Amount: | $85 million
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| Maturity: | March 31, 2025
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| Coupon: | 3.9%
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| Announcement date: | March 31
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| Distribution: | Private placement
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