Welcome to our dedicated page for Slr Investment news (Ticker: SLRC), a resource for investors and traders seeking the latest updates and insights on Slr Investment stock.
SLR Investment Corp. (NASDAQ: SLRC) is a business development company focused on private credit to U.S. middle market borrowers, and its news flow centers on portfolio performance, capital deployment and governance decisions. On this page, readers can review press releases and third-party coverage that reference the company’s lending activity, investment mix and financial results.
Recent company announcements have highlighted quarterly and annual financial results, including net investment income, net asset value per share, leverage metrics and investment activity across sponsor finance, asset-based lending, equipment finance and life science finance strategies. Management commentary in these releases discusses the composition of the Comprehensive Investment Portfolio, the proportion of investments in senior secured loans and specialty finance assets, and the diversification of exposure across issuers and industries.
News items also cover SLR Investment Corp.’s capital structure and liquidity, such as drawings on revolving credit facilities, term loan balances and private offerings of unsecured notes. Announcements about earnings conference calls and audio webcasts provide details on how investors can listen to management’s discussion of results through telephone dial-in information and online access via the company’s investor relations event calendar.
In addition, filings and related communications describe corporate governance developments, including the scheduling and outcomes of the annual meeting of stockholders, director elections and the ratification of the company’s independent registered public accounting firm. Because SLR Investment Corp. is externally managed by SLR Capital Partners, some news items involving SLR Capital Partners also reference its role as investment adviser to the company and its broader private credit platform.
Investors and researchers can use this news feed to follow how SLR Investment Corp. reports on its private credit activities, specialty finance orientation, risk management disclosures and capital markets transactions over time.
SLR Investment Corp. (NASDAQ: SLRC) reported a net investment income of $13.5 million or $0.32 per share for Q1 2022, reflecting a decline from $15.5 million or $0.37 per share in Q1 2021. Following the merger with SLR Senior Investment Corp. (SUNS) on April 1, 2022, the company shifted its distribution frequency to monthly, declaring a monthly distribution of $0.136667 per share. The company also announced a $50 million share repurchase program aimed at enhancing shareholder value. As of March 31, 2022, the net asset value was $19.56 per share.
SLR Investment Corp. (NASDAQ: SLRC) will announce its financial results for Q1 2022 on May 3, 2022, post-market close. An earnings conference call is set for May 4, 2022, at 10:00 a.m. ET, accessible via phone and live webcast on the company's website. SLR Investment Corp. focuses on investing in U.S. middle-market companies through various financing instruments, primarily cash flow senior secured loans, including first and second lien debt.
SLR Investment Corp. (NASDAQ: SLRC) has successfully completed its merger with SLR Senior Investment Corp. (SUNS), with SLRC remaining as the surviving entity. The merger brings approximately $2.6 billion in total assets and $1.1 billion in net assets based on December 31, 2021 data. Key benefits for shareholders include reduced management fees from 1.75% to 1.50%, cost-saving synergies, and increased diversification in niche private lending strategies. Former SUNS shareholders receive 0.7796 shares of SLRC for each SUNS share, resulting in SLRC's shareholders owning 77% of the combined company.
SLR Investment Corp. (NASDAQ: SLRC) and SLR Senior Investment Corp. (NASDAQ: SUNS) announced stockholder approval for their merger at special meetings held on March 21, 2022. Approximately 95% of voting SUNS and 98% of voting SLRC stockholders supported the merger, which is expected to close around April 1, 2022, pending customary conditions. Co-CEO Michael Gross expressed gratitude for the strong support and highlighted the potential for increased scale, portfolio diversity, and financial flexibility from the merger.
SLR Investment Corp. (NASDAQ: SLRC) reported a net investment income of $14.9 million, or $0.35 per share, for Q4 2021, with a fiscal year total of $60.9 million, or $1.44 per share. The Board declared a quarterly distribution of $0.41 per share for Q1 2022, payable on April 1, 2022. As of December 31, 2021, SLRC had a net asset value of $19.93 per share and a net debt-to-equity ratio of 0.97x. The company originated $1.1 billion in investments for 2021, with significant growth planned for 2022 due to expanded portfolio size. Earnings are expected to benefit from a lower cost of financing.
SLR Investment Corp. (NASDAQ: SLRC) will announce its financial results for the fourth quarter and fiscal year ended December 31, 2021, on March 1, 2022, after market close. An earnings conference call is scheduled for March 2, 2022, at 10:00 a.m. ET, where stakeholders can participate by dialing in or accessing a live webcast via the company’s website. SLR Investment Corp. focuses on investing in leveraged U.S. middle-market companies through senior secured loans and asset-based loans, showcasing its expertise as a business development company.
SLR Investment Corp. (NASDAQ: SLRC) announced the issuance of $135 million in 3.3% senior unsecured notes due January 2027. The proceeds will first reduce borrowings under its revolving credit facility, later funding investments and corporate purposes. This issuance, combined with $50 million raised in Q3 2021, lowers the company's long-term average financing rate to 3.2%, down from 4.5%. The notes enhance funding flexibility and support a strong investment pipeline. SLR Investment Corp. holds investment-grade ratings from Fitch and Moody's.
SLR Investment Corp. (NASDAQ: SLRC) has amended its senior secured credit facility, reducing the pricing grid by 25 basis points to LIBOR + 175-200 basis points and expanding the facility from $620 million to $700 million, with maturity extended to December 2026. This amendment aims to enhance funding flexibility and liquidity, supporting the company’s investment pipeline. Co-CEO Michael Gross highlighted that these changes are expected to lower average borrowing costs and extend debt maturity, bolstering the company's overall financial health.
SLR Investment Corp. (NASDAQ: SLRC) and SLR Senior Investment Corp. (NASDAQ: SUNS) have announced a merger agreement, with SLRC as the surviving entity pending stockholder approval. SUNS shareholders will receive SLRC shares equivalent to their NAV at closing, resulting in an ownership split of 77.2% for SLRC and 22.8% for SUNS. The merger aims to enhance net investment income through operational synergies and a 25 basis points management fee reduction. The combined entity will maintain a quarterly distribution of $0.41 per share, and is expected to close in the first half of 2022.
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