Solar Capital (SLRC) Commences 6M Offering of Common Stock

January 7, 2013 4:20 PM EST
Solar Capital Ltd. (NasdaqGS: SLRC) announced today that it has commenced a public offering of 6,000,000 shares of its common stock. In connection with the proposed offering, the Company intends to grant the underwriters for the offering a 30-day option to purchase up to an additional 900,000 shares of common stock.

The Company intends to use the net proceeds from this offering to pay down outstanding indebtedness under its revolving credit facilities, and for general corporate purposes, including working capital requirements. However, through reborrowing under its revolving credit facilities, the Company intends to make investments in debt or equity securities consistent with its investment objective and other general corporate purposes.

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