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SLR Investment unit increases revolver to $275 million via accordion
By Wendy Van Sickle
Columbus, Ohio, Aug. 30 – SLR Investment Corp. financing subsidiary SUNS SPV LLC amended its senior credit facility on Aug. 29 to increase commitments by $50 million to $275 million by using a portion of the accordion feature, according to a form 8-K filed with the Securities and Exchange Commission.
Commitments may further be increased by way of the accordion to up to $600 million.
The interest rate continues to be SOFR plus a margin ranging from 200 basis points to 250 bps, and the maturity date continues to be June 1, 2026.
Citibank, NA is the administrative agent.
SLR Investment is a specialty finance company that invests in leveraged U.S. middle market companies in the form of senior secured loans including first-lien and second-lien debt instruments and asset-based loans including senior secured loans collateralized on a first-lien basis primarily by current assets.
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