Solar Capital Ltd. Prices Public Offering of $75 Million 4.50% Notes Due 2023
The Company expects to use the net proceeds from this offering to pay down outstanding indebtedness under its revolving credit facility. However, the Company may reborrow under its revolving credit facility to make investments in debt or equity securities consistent with its investment objective, to fund acquisitions and for other general corporate purposes, including for working capital and/or to redeem all or a portion of the Company’s outstanding 6.75% senior unsecured notes due 2042.
Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The pricing term sheet dated November 13, 2017, the preliminary prospectus supplement dated November 13, 2017 and the accompanying prospectus dated
The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of the Company and are not soliciting an offer to buy such securities in any jurisdiction where such offer and sale is not permitted.
The offering of the Notes may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained, when available, from
Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition, including statements with regard to the anticipated use of the net proceeds of the Company’s securities offering. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the
Source: Solar Capital Ltd.