Solar Capital Ltd. Repays its $75 Million of 5.875% Senior Secured Notes; Reduces Average Interest Expense
NEW YORK, NY--(Marketwired - May 11, 2017) - Solar Capital Ltd. (
"We are pleased to reduce the average interest expense with the new issuances of unsecured senior notes," said Michael Gross, Chairman and CEO of Solar Capital Ltd. "Given our significant available capital and diverse investment verticals, we expect growth in our net investment income during 2017."
About Solar Capital Ltd.
Solar Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company invests primarily in leveraged, middle market companies in the form of senior secured loans, unitranche loans, mezzanine loans, and equity securities.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements," which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Solar Capital Ltd. undertakes no duty to update any forward-looking statements made herein.
Contact
Investor Relations
(646) 308-8770
Contact
Investor Relations
(646) 308-8770
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