Mon, May 28, 2012, 8:08 PM EDT - U.S. Markets closed for Memorial Day

Solar Capital cuts pricing on revolving credit facility to LIBOR plus 2.75%

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SymbolPriceChange
SLRC21.730.00

Solar Capital announced that its indirect wholly owned subsidiary, Solar Capital Funding II, amended its $100M revolving credit facility maturing in December, 2015 provided by Wells Fargo Bank, National Association. The stated interest rate on the facility was reduced to LIBOR plus 2.75% from the current borrowing rate of LIBOR plus 3.00% and will continue to have no LIBOR floor requirement.

 

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