UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On August 29, 2023, SUNS SPV LLC as borrower (“SUNS SPV”), a wholly-owned financing subsidiary of SLR Investment Corp. (the “Company”), entered into the eleventh amendment (the “Amendment”) to its senior secured revolving credit facility with Citibank, N.A. acting as administrative agent (the “Credit Facility”). Pursuant to the Amendment, commitments to the Credit Facility were increased from $225 million to $275 million by utilizing the accordion feature and may be further expanded up to $600 million under its accordion feature. The stated interest rate on the Credit Facility continues to be SOFR plus 2.00%-2.50% with no SOFR floor requirement and the final maturity date continues to be June 1, 2026. The Credit Facility is secured by all of the assets held by SUNS SPV. Under the terms of the Credit Facility, the Company and SUNS SPV, as applicable, have made certain customary representations and warranties, and are required to comply with various covenants, including leverage restrictions, reporting requirements and other customary requirements for similar credit facilities. The Credit Facility also includes usual and customary events of default for credit facilities of this nature.
Borrowing under the Credit Facility remains subject to the leverage restrictions contained in the Investment Company Act of 1940, as amended.
The description above is only a summary of the material provisions of the Amendment and the Credit Facility and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 to this Report.
| 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. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SLR Investment Corp. | ||||||
| Date: August 30, 2023 | By: | /s/ Shiraz Y. Kajee | ||||
| Shiraz Y. Kajee | ||||||
| Secretary | ||||||