SLR Investment unit increases revolver to $275 million via accordion

By Wendy Van Sickle

Columbus, Ohio, Aug. 30 – SLR Investment Corp. financing subsidiary SUNS SPV LLC amended its senior credit facility on Aug. 29 to increase commitments by $50 million to $275 million by using a portion of the accordion feature, according to a form 8-K filed with the Securities and Exchange Commission.

Commitments may further be increased by way of the accordion to up to $600 million.

The interest rate continues to be SOFR plus a margin ranging from 200 basis points to 250 bps, and the maturity date continues to be June 1, 2026.

Citibank, NA is the administrative agent.

SLR Investment is a specialty finance company that invests in leveraged U.S. middle market companies in the form of senior secured loans including first-lien and second-lien debt instruments and asset-based loans including senior secured loans collateralized on a first-lien basis primarily by current assets.

© 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.