Solar Senior Capital (SUNS) Prices 4M Common Stock Offering at $16.76/Share
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Solar Senior Capital Ltd. Announces Pricing of Public Offering of Common Stock
September 8, 2016 9:18 AM EDTNEW YORK, NY -- (Marketwired) -- 09/08/16 -- Solar Senior Capital Ltd. (the "Company" or "Solar Senior Capital") (NASDAQ: SUNS) announced today that it has priced a public offering of 4,000,000 shares of its common stock that will result in net proceeds to the Company, exclusive of offering expenses, of $67.04 million, or $16.76 per share. The Company's investment adviser, Solar Capital Partners, LLC ("Solar Capital Partners"), has agreed to bear the sales load payable to the underwriters. In addition, Solar Capital Partners has agreed to pay the underwriters an additional supplemental payment of $0.36 per share, which reflects... More
Solar Senior Capital Ltd. Commences Public Offering of Common Stock
September 7, 2016 4:41 PM EDTNEW YORK, NY -- (Marketwired) -- 09/07/16 -- Solar Senior Capital Ltd. (the "Company") (NASDAQ: SUNS) announced today that it has commenced a public offering of 4,000,000 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 600,000 shares of common stock. The Company's Investment Adviser, Solar Capital Partners, has agreed to bear all of the sales load in this offering.
The Company intends to use the net proceeds from this offering to pay down outstanding... More
