Profile: Solar Capital Ltd (SLRC.OQ)
Solar Capital Ltd. (Solar), incorporated on January 17, 2007, is a closed-end, externally managed, non-diversified management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in leveraged middle markets companies in the form of senior secured loans, mezzanine loans and equity securities. The Company's portfolio consists of debt and equity investments in 40 portfolio companies. The Company may also invest in public companies that are thinly traded. Solar is managed by Solar Capital Partners, LLC (Solar Capital Partners).
As a business development company (BDC), the Company offers , and provides upon request, managerial assistance to its portfolio companies. This assistance could involve, among other things, monitoring the operations of the Company's portfolio companies, participating in board and management meetings, consulting with and advising officers of portfolio companies and providing other organizational and financial guidance. The Company's portfolio includes both senior secured loans and mezzanine loans. Structurally, mezzanine loans usually rank subordinate in priority of payment to senior debt, such as senior bank debt, and are often unsecured. Mezzanine loans have both elements of debt and equity instruments, offering fixed returns in the form of interest payments associated with senior debt, while providing lenders an opportunity to participate in the capital appreciation of a borrower, if any, through an equity interest.
The Company's principal focus is to provide senior secured loans and mezzanine loans to leveraged companies in a variety of industries.The industries in, which the Company is invested include Broadcasting & Entertainment; Chemicals, Plastics & Rubber,;Containers, Packaging & Glass, Diversified/Conglomerate Manufacturing; Diversified Financial Services; Healthcare, Education & Childcare; Home, Office Furnishings & Durable Consumer Products; Hotels, Motels, Inns and Gaming; Leisure, Amusement & Entertainment; Mining, Steel, Iron & Non-Precious Metals; Personal & Nondurable Consumer Products and Personal, Food & Misc. Services.
Solar Capital Ltd
3rd Floor, 500 Park Avenue
NEW YORK NY 10022