SLR Investment Corp. (SLRC) and SLR Senior Investment Corp. (SUNS), both of which are managed by SLR Capital Partners, LLC, entered into an agreement to merge together, with SLRC as the surviving company. The combined company will trade under the ticker symbol "SLRC" on the Nasdaq Global Select Market. The transaction is subject to various approvals by SLRC and SUNS stockholders and other customary closing conditions and is expected to close in the first half of 2022.
SLR Investment Corp. is a closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, SLRC primarily invests directly and indirectly in leveraged, US middle market companies in the form of cash flow senior secured loans including first lien and second lien debt instruments and asset-based loans including senior secured loans collateralized on a first lien basis primarily by current assets.
SLR Senior Investment Corp. is a closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, SUNS primarily invests directly and indirectly in leveraged, US middle market companies primarily in the form of cash flow first lien senior secured debt instruments and asset-based loans including senior secured loans collateralized on a first lien basis primarily by current assets.
Vlad Bulkin, a Capital Markets and Investment Management and Funds partner, is leading the Katten team on the merger, representing SLRC, SUNS and SLR Capital Partners, LLC. Those advising on the deal include Jennifer L. Howard, Investment Management and Funds associate; Maximillian Licona, Mergers and Acquisitions associate; Transactional Tax Planning partner Jill E. Darrow and associate Jeffrey Ng; Corporate partners Evan S. Borenstein and Mark S. Solomon; and Antitrust and Competition partner Jonathan Rotenberg.
For more information on the transaction, read the press release, "SLR Investment Corp. and SLR Senior Investment Corp. Announce Entry into Merger Agreement."
