Slr Investment Corp - SLRC STOCK NEWS

Pasadena Private Lending (PPL) has secured significant financing through two key transactions: a new $50 million secured term loan with SLR Capital Partners and an amended $75 million Senior Credit Facility with East West Bank (EWBC). The EWBC facility, extended to July 2028, includes an increased advance rate from 65% to 70%.

The combined capital injection will enable PPL to expand its portfolio in the Owner-Guaranteed Business Loan market, capitalizing on current economic conditions where lower-middle market companies seek floating-rate credit from non-bank lenders. East West Bank, PPL's senior lender since 2021, has demonstrated strong growth in the specialty finance space.

SLR Investment Corp. (NASDAQ: SLRC) reported strong financial results for Q4 and full year 2024. The company achieved net investment income (NII) of $23.8 million ($0.44 per share) in Q4 2024 and declared a quarterly distribution of $0.41 per share.

Key highlights include:

• Net Asset Value (NAV) remained stable at $18.20 per share
• Investment portfolio fair value: $2.0 billion
• Comprehensive Investment Portfolio fair value: $3.1 billion
• Net debt-to-equity ratio: 1.03x
• Portfolio performance: 99.6% performing on fair value basis

For full-year 2024, SLRC reported:

• Net investment income: $96.3 million ($1.77 per share)
• Net increase in net assets from operations: $95.8 million ($1.76 per share)
• Total investments made: $1,352.6 million
• Portfolio diversification across 890 unique issuers in over 110 industries

SLR Investment Corp. (NASDAQ: SLRC) has announced it will release its financial results for Q4 and fiscal year 2024 on February 25, 2025 after market close. The company will host an earnings conference call and audio webcast on February 26, 2025 at 10:00 a.m. ET.

Interested parties can join the conference call by dialing (800) 579-2543, with international callers using (785) 424-1789, referencing Conference ID: SLRC4Q24. A telephone replay will be available until March 12, 2025. The call will also be broadcast live via webcast through the company's website, with a replay available afterward.

SLR Investment Corp. operates as a business development company, specializing in leveraged U.S. middle market investments through cash flow senior secured loans, including first lien and second lien debt instruments, and asset-based loans.

SLR Investment Corp reported Q3 2024 net investment income of $24.3 million ($0.45 per share), with a stable NAV of $18.20 per share. The Board declared a quarterly distribution of $0.41 per share. The company's investment portfolio fair value stood at $2.1 billion, with net assets of $992.7 million. The Comprehensive Investment Portfolio, valued at $3.2 billion, spans approximately 850 unique issuers across 109 industries. Portfolio quality remained strong with 99.6% performing investments on a fair value basis. The company maintained a net debt-to-equity ratio of 1.10x and had over $750 million in available capital.

SLR Investment Corp. (NASDAQ: SLRC) has announced the schedule for releasing its financial results for the quarter ended September 30, 2024. The company will release the results on Wednesday, November 6, 2024 after the financial markets close. An earnings conference call and audio webcast will be hosted on Thursday, November 7, 2024 at 10:00 a.m. (Eastern Time).

Interested parties can join the conference call by dialing (800) 445-7795, with international callers using (203) 518-9856. The Conference ID is SLRC3Q24. A telephone replay will be available until November 21, 2024. The call will also be broadcast live over the Internet, accessible from the company's website.

SLR Investment Corp. is a closed-end investment company operating as a business development company. It specializes in investing in leveraged, U.S. middle market companies through various forms of secured loans.

SLR Investment Corp. (NASDAQ: SLRC) announced that its wholly-owned portfolio company, SLR Business Credit (SLR-BC), acquired an asset-based factoring portfolio and operations from Webster Bank's Commercial Services Division on September 27, 2024. The acquisition includes a team of professionals and a seasoned portfolio of approximately $115 million, diversified with loans to long-standing customers.

This marks SLR-BC's fourth acquisition under SLRC's ownership, expanding its portfolio and product offering. The acquisition aligns with SLRC's strategy to capitalize on the shifting commercial bank landscape and expand its specialty finance platform. SLR-BC specializes in making senior secured asset-based loans and factoring to small and medium-sized companies with borrowing needs of $100,000 up to $100 million.

SLR Investment Corp. (NASDAQ: SLRC) reported a net investment income (NII) of $24.3 million, or $0.45 per share, for Q2 2024. The company declared a quarterly distribution of $0.41 per share, payable on September 27, 2024, to holders of record as of September 13, 2024. As of June 30, 2024, the company's net asset value (NAV) was $18.20 per share, stable from $18.19 as of March 31, 2024.

SLRC's investment portfolio had a fair value of $2.1 billion. The company reported net realized and unrealized losses of $1.1 million, or $0.02 per share. The net increase in net assets from operations was $23.2 million, or $0.43 per share. The portfolio is diversified across approximately 800 issuers, with a fair value of $3.1 billion, predominantly invested in senior secured loans.

For the quarter, SLRC had originations of $355.8 million and repayments of $292.7 million. The company's leverage ratio stood at 1.16x net debt-to-equity. Gross investment income totaled $59.0 million, a 4.7% increase YoY, while net expenses were $34.7 million, up by 3.0% YoY.

SLR Capital Partners, a private credit platform specializing in direct lending to U.S. middle market companies, has appointed Scottie Bevill as Senior Advisor. Bevill brings over 30 years of institutional investment experience across public and private markets. He previously led Global Income Strategies for the Teachers' Retirement System of the State of Illinois, overseeing debt and fixed income portfolios for the $65 billion pension plan.

In his new role, Bevill will advise on strategic planning, growth initiatives, and new investment strategies. He will also represent the firm, leveraging his extensive experience and insights. SLR's Co-Founders, Michael Gross and Bruce Spohler, expressed enthusiasm about Bevill's addition to the team, highlighting his potential contribution to SLR's multi-strategy platform expansion.

SLR Investment Corp. (NASDAQ: SLRC) has announced that it will release its financial results for the quarter ended June 30, 2024, on August 7, 2024, after market close.

An earnings conference call and audio webcast will be held on August 8, 2024, at 10:00 a.m. Eastern Time.

Participants can join the call by dialing (800) 267-6316, or (203) 518-9783 for international callers, using Conference ID: SLRC2Q24.

A replay will be available until August 22, 2024, at (800) 839-2418 or (402) 220-7210 for international callers.

The webcast will be accessible from the Event Calendar under the Investors tab on the company's website.