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SUNS > SEC Filings for SUNS > Form 8-K on 9-Nov-2012All Recent SEC Filings

Show all filings for SOLAR SENIOR CAPITAL LTD.

Form 8-K for SOLAR SENIOR CAPITAL LTD.


9-Nov-2012

Entry into a Material Definitive Agreement, Creation of a Direct Financ


Item 1.01 Entry Into a Material Definitive Agreement.

On November 7, 2012, Solar Senior Capital Ltd. (the "Company") announced that its wholly owned financing subsidiary, SUNS SPV LLC, has amended its $200 million senior secured revolving credit facility (the "Credit Facility"). As a result of this amendment, the stated interest rate on the Credit Facility was reduced to LIBOR plus 2.00% from LIBOR plus 2.25%, and the Credit Facility will continue to have no LIBOR floor requirement. In addition, this amendment reduced certain non-usage fees. This amendment also allows for greater flexibility for the Company and extends the final maturity date to November 1, 2017.

Borrowing under the Credit Facility continues to be subject to the leverage restrictions contained in the Investment Company Act of 1940, as amended.

On November 7, 2012, the Company issued a press release announcing its entry into this amendment to the Credit Facility, a copy of which is attached hereto as Exhibit 99.1.



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure set forth above under Item 1.01 is incorporated by reference herein.



Item 9.01 Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

Exhibit
No. Description

99.1 Press release, dated November 7, 2012.


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