SLR Investment Corp., reported that it has amended its senior secured credit facility (“Credit Facility”). The amendment includes a reduction in the Credit Facility’s pricing grid of 25 basis points, to LIBOR + 175 – 200 basis points, based on certain conditions. The Credit Facility was expanded from $620 million to $700 million and extended from 2024 to December 2026. Additionally, the amendment enhanced the Credit Facility’s flexibility.
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“We believe these improvements to our Credit Facility further strengthen the Company’s funding profile and represents one of several steps we will pursue to decrease the Company’s average borrowing cost and extend the Company’s average debt maturity,” said Michael Gross, Co-CEO of SLR Investment Corp.
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“We appreciate the support and confidence of our financing partners, as we seek to further scale the Company,” said Bruce Spohler, Co-CEO of SLR Investment Corp. “The amended Credit Facility enhances our liquidity position and adds flexibility to fund our robust investment pipeline in the fourth quarter and heading into 2022.”
SLR Investment Corp. is investment grade rated by Fitch and Moody’s.
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