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Quotes & Info
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| SUNS > SEC Filings for SUNS > Form 8-K on 9-Nov-2012 | All Recent SEC Filings |
9-Nov-2012
Entry into a Material Definitive Agreement, Creation of a Direct Financ
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.
The disclosure set forth above under Item 1.01 is incorporated by reference herein.
(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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