SLR Expense Corp. Completes Merger with SLR Senior

NEW YORK, April 01, 2022 (World NEWSWIRE) — SLR Investment Corp. (NASDAQ: SLRC) (“SLRC”) is pleased to announce the closing of the formerly declared merger with SLR Senior Expense Corp. (“SUNS”), with SLRC as the surviving organization. The blended firm will operate as SLR Financial commitment Corp. and go on to trade on the NASDAQ World Find Current market beneath the ticker symbol “SLRC.” Dependent on December 31, 2021 monetary details, the put together company has approximately $2.6 billion of whole belongings and $1.1 billion of overall web property on a pro forma basis.

“We believe the blended firm will give several lengthy-time period positive aspects to shareholders,” stated Bruce Spohler, Co-Chief Government Officer of SLR Investment Corp. “The reduction of the foundation management cost, cost savings by means of synergies, and alternatives to lower our borrowing expenditures will boost the mixed company’s internet curiosity margin.”

“The mixed portfolio presents shareholders with increased diversification and access to a broader established of area of interest non-public lending methods,” claimed Michael Gross, Co-Main Executive Officer of SLR Investment decision Corp. “As of December 31, 2021, on a professional forma basis, about 70% of the combined company’s cash flow was attributed to specialty finance financial loans and roughly 30% was attributed to cash stream loans. We believe that SLRC’s unique blend of asset-primarily based financial loans and initially lien senior secured cash flow loans to sponsor-backed U.S. upper middle industry companies presents shareholders with an desirable and differentiated return profile.”

In relationship with the merger, previous SUNS shareholders will receive .7796 shares of SLRC for each and every share of SUNS primarily based on the closing exchange ratio, topic to payment of cash in lieu of fractional shares. As a end result of the merger, legacy SLRC shareholders and former SUNS shareholders individual about 77% and 23%, respectively, of the merged organization.

In addition, on closing of the merger, SLRC’s once-a-year foundation management fee payable by SLRC to SLR Money Associates, LLC (“SCP”) was lowered from 1.75% to 1.50% on gross belongings up to 200% of SLRC’s overall net belongings and SLRC retained the annual foundation management price payable by SLRC to SCP of 1.00% on gross assets that exceed 200% of SLRC’s full web assets. SLRC’s target leverage ratio will keep on being at .90x —1.25x credit card debt-to-equity.

Keefe, Bruyette & Woods, A Stifel Firm, served as economic advisor and Blank Rome LLP served as the legal counsel to the distinctive committee of SLRC. Houlihan Lokey Money, Inc. served as money advisor and Dechert LLP served as the legal counsel to the particular committee of SUNS. Katten Muchin Rosenman LLP served as the authorized counsel to SLRC, SUNS and SCP.

About SLR Financial investment Corp.

SLR Investment decision Corp. is a shut-stop financial investment business that has elected to be regulated as a business enterprise enhancement organization below the Financial investment Organization Act of 1940. A specialty finance corporation with know-how in various niche markets, SLRC mostly invests straight and indirectly in leveraged, U. S. center market firms in the variety of funds flow senior secured financial loans together with to start with lien and 2nd lien debt devices and asset-dependent loans like senior secured financial loans collateralized on a very first lien foundation generally by existing assets. For a lot more information, you should go to:

About SLR Money Associates, LLC

SLR Funds Associates is an SEC-registered expenditure adviser that principally invests in leveraged, U.S. center sector providers in the type of money movement and asset-centered senior secured investments. Currently, SLR Capital Companions manages community and personal company improvement businesses, private credit score cash and independently managed accounts, which include serving as the investment adviser to SLR Investment Corp.

Considering the fact that its development in 2006, SLR Capital Companions and its affiliates have invested in excess of $15 billion in roughly 1,500 unique portfolio firms with about 250 private equity sponsors. For additional information and facts, please stop by:

Forward-Wanting Statements

Some of the statements in this push release represent ahead-wanting statements since they relate to long term gatherings, long run functionality or money ailment or the two-step merger of SUNS with and into SLRC (the “Merger”). The forward-seeking statements may include things like statements as to: potential operating benefits of SLRC and SUNS and distribution projections business enterprise potential clients of SLRC and SUNS and the potential clients of their portfolio corporations and the effects of the investments that SLRC and SUNS count on to make. In addition, terms this kind of as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” show forward-looking statements, although not all ahead-hunting statements contain these phrases. The ahead-searching statements contained in this press launch contain dangers and uncertainties. Specific factors could lead to actual results and conditions to differ materially from these projected, such as the uncertainties associated with (i) the predicted synergies and savings involved with the Merger (ii) the skill to know the expected advantages of the Merger, together with the predicted elimination of particular fees and costs owing to the Merger (iii) the hazard that shareholder litigation in relationship with the Merger may well result in significant expenditures of protection and liability (iv) adjustments in the economic system, fiscal markets and political setting (v) challenges connected with doable disruption in the functions of SLRC or the economic climate normally owing to terrorism, natural disasters or the COVID-19 pandemic (vi) potential alterations in rules or restrictions (together with the interpretation of these legislation and polices by regulatory authorities) (vii) circumstances in SLRC’s running places, notably with regard to organization development companies or regulated financial investment providers (viii) normal considerations connected with the COVID-19 pandemic and (ix) other issues that may perhaps be disclosed from time to time in SLRC’s publicly disseminated paperwork and filings. SLRC has primarily based the ahead-searching statements involved in this press release on details offered to it on the date of this press launch, and SLRC assumes no obligation to update any these types of forward-wanting statements. Though SLRC undertakes no obligation to revise or update any forward-wanting statements, irrespective of whether as a result of new details, future activities or if not, you are suggested to consult with any extra disclosures that it may possibly make right to you or via stories that SLRC in the long term could file with the Securities and Exchange Fee, such as once-a-year experiences on Form 10-K, quarterly reports on Kind 10-Q and present-day reviews on Kind 8-K.

Get hold of
SLR Investment decision Corp. and SLR Senior Expenditure Corp.
Investor Relations (646) 308-8770