Welcome to our dedicated page for SLR Investment news (Ticker: SLRC), a resource for investors and traders seeking the latest updates and insights on SLR Investment stock.
SLR Investment Corp. (NASDAQ: SLRC) is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a Business Development Company (BDC) under the Investment Company Act of 1940. Established in November 2007 and headquartered in Maryland, SLR Investment Corp. specializes in providing bespoke debt financing solutions to U.S. middle market businesses and intermediaries. The company focuses on funding working capital, acquisitions, refinancing, and growth capital requirements.
SLR Investment Corp. majorly invests in leveraged middle-market companies through senior secured loans, financing leases, and to a lesser extent, unsecured loans and equity securities. The company's strategy combines sponsor finance and specialty finance approaches, targeting recession-resilient industries to ensure the stability and credit quality of its portfolio.
Recent developments include a net investment income of $0.42 per share for Q2 2023, reflecting steady growth. The company has maintained a stable portfolio credit quality despite high interest rates and inflation, attributed to its conservative underwriting and unique asset mix. Operating results for various quarters and years highlight continued portfolio rebuilding and robust financial health.
For more detailed financial statements and tables, refer to the latest investor relations reports.
SLR Investment Corp. (NASDAQ: SLRC) will announce its financial results for Q1 2023 on May 10, 2023, after market close. An earnings conference call is scheduled for May 11, 2023, at 10:00 a.m. ET. Interested participants can join the call by dialing (800) 343-4136 in the U.S. or (203) 518-9843 internationally, referencing Conference ID: SLRC1Q23. A replay will be available until May 25, 2023. The call will also be streamed live via the company’s website. SLR Investment Corp. is a specialty finance firm that invests primarily in leveraged U.S. middle market companies.
SLR Investment Corp. (NASDAQ: SLRC) issued an open letter addressing stakeholders about its business outlook following the recent crises at Silicon Valley Bank (SVB) and Signature Bank (SBNY). The company assures that these banking issues will not adversely impact its operations, financial performance, or liquidity. Key highlights include that SLRC has no material exposure to SVB or SBNY, a solid balance sheet with a net leverage ratio of 1.08x, and no near-term debt maturities. Additionally, 78% of SLRC’s investment portfolio is in specialty finance assets, positioning it well for economic volatility. The firm aims to leverage its significant capital during this market disruption.
SLR Investment Corp. (NASDAQ: SLRC) reported a net investment income of $22.5 million ($0.41 per share) for Q4 2022 and $76.4 million ($1.48 per share) for the fiscal year ending December 31, 2022. The company declared a monthly distribution of $0.136667 per share, totaling $0.41 for Q1 2023. As of December 31, 2022, the net asset value (NAV) per share was $18.33 with total assets of $2.9 billion. Investments made in 2022 totaled $1.3 billion, with total repayments of $971.9 million. The net debt-to-equity ratio stands at 1.08x.
SLR Capital Partners has successfully closed $2.2 billion in equity commitments for its Multi-strategy Private Credit offerings during the second half of 2022. Including anticipated leverage, the total investable capital reaches $3.8 billion. This capital influx enhances SLR's capacity to provide tailored financing solutions to U.S. middle market companies amidst market fluctuations. Notably, SLR's previous Multi-strategy Private Credit funds from 2018 and 2019 have recorded no realized losses. The firm emphasizes its strong credit performance and experience in navigating various economic cycles as key strengths to capitalize on upcoming investment opportunities.
SLR Investment Corp. (NASDAQ: SLRC) plans to release its financial results for the fourth quarter and fiscal year ending December 31, 2022, on February 28, 2023, after market close. An earnings conference call will be held on March 1, 2023, at 10:00 a.m. ET. The call will be accessible via phone or through a live webcast on their website. SLR Investment Corp. operates as a closed-end investment company, focusing on leveraged, U.S. middle market companies through various loan instruments.