Your email has been successfully added to our mailing list.

×
0 0 0 0 0 -0.00239234449760769 0.00119617224880376 0.00478468899521521
Stock impact report

Solar Capital Ltd. Announces Amendment to Its Credit Facility

SLR Investment Corp. - Closed End Fund (SLRC) 
Last slr investment corp. - closed end fund earnings: 2/20 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: solarcapltd.com/companyoverview
Company Research Source: GlobeNewswire
NEW YORK, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Solar Capital Ltd. (NASDAQ: SLRC) (the “Company” or “Solar Capital”), today reported that it has completed an amendment to its senior secured credit facility (“Credit Facility”) to allow it to use the flexibility and incremental leverage provided by the Small Business Credit Availability Act (“SBCAA”). Solar Capital has amended its $530 million Credit Facility to reduce the asset coverage covenant from 200% to 150% and to make certain related changes to the borrowing base calculations. Pricing and other significant terms remain unchanged. Amendments to adopt the new 150% asset coverage requirement were not required for any of Solar Capital’s other debt agreements. “With this amendment, we have access to the incremental leverage allowed via the Reduced Asset Coverage Ratio, which Solar Capital’s board of directors and shareholders have previously authorized. The reduction of our asset coverage requirement provides increased flexibility to Show less Read more
Impact Snapshot
Event Time:
SLRC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
SLRC alerts

from News Quantified
Opt-in for
SLRC alerts

from News Quantified