Key Developments: Solar Capital Ltd (SLRC.OQ)

SLRC.OQ on NASDAQ Stock Exchange Global Select Market

20.71USD
22 Jul 2014
Price Change (% chg)

$-0.07 (-0.34%)
Prev Close
$20.78
Open
$20.76
Day's High
$20.95
Day's Low
$20.71
Volume
61,396
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152,447
52-wk High
$25.04
52-wk Low
$20.28

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Latest Key Developments (Source: Significant Developments)

Solar Capital declares quarterly distribution of $0.40 per share
Monday, 5 May 2014 04:58pm EDT 

Solar Capital Ltd:Declares quarterly distribution of $0.40 per share for Q2, 2014.Payable on July 1 to stockholders of record on June 19.  Full Article

Solar Capital Ltd declares quarterly dividend of $0.40 per share
Tuesday, 25 Feb 2014 04:31pm EST 

Solar Capital Ltd:Declares Quarterly Dividend of $0.40 per share.Payable on April 1 to stockholders of record on March 20.  Full Article

Solar Capital Ltd gives Q4 2013 EPS guidance below analysts' estimates - Conference Call
Thursday, 31 Oct 2013 10:00am EDT 

Solar Capital Ltd:Sees Q4 2013 income to be about $0.40 per share.Q4 2013 EPS of $0.43 for FY 2013 - Thomson Reuters I/B/E/S Estimates.  Full Article

Solar Capital Ltd Declares Quarterly Dividend
Wednesday, 30 Oct 2013 04:00pm EDT 

Solar Capital Lt announced that the Board of Directors also declared a fourth quarter dividend of $0.40 per share payable on January 3, 2014 to stockholders of record on December 19, 2013.  Full Article

Solar Capital Ltd Declares Reduced Quarterly Dividend Of $0.40 Per Share For Third Fiscal Quarter 2013
Wednesday, 24 Jul 2013 07:45am EDT 

Solar Capital Ltd announced that the board of directors of the Company has declared a reduced quarterly dividend of $0.40 per share, beginning with the Company's third fiscal quarter ending September 30, 2013. The third quarter dividend will be paid on October 2, 2013 to stockholders of record on September 19, 2013.  Full Article

Solar Capital Ltd Declares Quarterly Dividend Of $0.60 per Share For Second Fiscal Quarter 2013
Tuesday, 7 May 2013 05:13pm EDT 

Solar Capital Ltd announced that Board of Directors has declared a second quarter dividend of $0.60 per share payable on July 1, 2013 to stockholders of record on June 20, 2013.  Full Article

Solar Capital Ltd Declares Quarterly Dividend of $0.60 Per Share for First Fiscal Quarter 2013
Monday, 25 Feb 2013 04:15pm EST 

Solar Capital Ltd announced that its Board of Directors has declared a quarterly dividend of $0.60 per share for its first fiscal quarter of 2013, which will be payable on April 2, 2013 to stockholders of record on March 21, 2013.  Full Article

Solar Capital Ltd Announces Pricing Of Public Offering Of Common Stock
Tuesday, 8 Jan 2013 09:04am EST 

Solar Capital Ltd announced that it has priced a public offering of 6,000,000 shares of its common stock at a public offering price of $24.40 per share for total gross proceeds of $146.4 million. The closing of the offering is subject to customary closing conditions and is expected to take place on January 11, 2013. In connection with the offering, the Company has granted 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.  Full Article

Solar Capital Ltd Commences Public Offering Of Common Stock
Monday, 7 Jan 2013 04:18pm EST 

Solar Capital Ltd announced 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.  Full Article

Solar Capital Ltd Agrees To Acquire Crystal Financial LLC
Monday, 17 Dec 2012 05:01pm EST 

Solar Capital Ltd announced that it has entered into a definitive agreement, dated December 17, 2012, with SSP Energy Ltd., Quartz Managers LLC and Quantum Strategic Partners Ltd. to acquire Crystal Capital Financial Holdings LLC ("Crystal Financial"), a commercial finance company focused on providing asset-based and other secured financing solutions. Crystal Financial`s management team, including while at prior businesses, has underwritten and closed more than $20 billion of transactions for its clients since 1993. Solar Capital expects to invest approximately $275 million to effect the acquisition. The current management team of Crystal Financial has committed to lead Crystal Financial going forward and will also make a meaningful investment as part of the transaction. Solar Capital expects that its acquisition of Crystal Financial will be immediately accretive to net investment income.  Full Article

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