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SOLAR SENIOR CAPITAL LTD. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

July 3, 2014



Item 1.01 Entry Into a Material Definitive Agreement.

On June 30, 2014, Solar Senior Capital Ltd. (the "Company") announced that its wholly-owned financing subsidiary, SUNS SPV LLC, amended its senior secured revolving credit facility with Citibank N.A. acting as administrative agent (the "Credit Facility"). As a result of this amendment, commitments under the Credit Facility were reduced by $25 million to $175 million and may be expanded up to $600 million under its accordion feature. This amendment to the Credit Facility allows for greater investment flexibility and extends the final maturity date to June 28, 2019. The stated interest rate remains LIBOR plus 2.00% with no LIBOR floor requirement.

Borrowing under the Credit Facility remains subject to the leverage restrictions contained in the Investment Company Act of 1940, as amended.

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.

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Source: Edgar Glimpses


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