SLR Investment Corp. Announces Acquisition of Factoring Business
SLR Investment Corp. - Closed End Fund (SLRC)
Last slr investment corp. - closed end fund earnings: 2/20 04:01 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- ?SLR Investment Corp.?(NASDAQ: SLRC) (the “Company” or “SLRC”) today announced that on September 27, its wholly-owned portfolio company, SLR Business Credit (“SLR-BC”) acquired an asset-based factoring portfolio and operations from Webster Bank, N.A.’s Commercial Services Division (“Webster”) in an asset purchase that includes a team of professionals and a seasoned portfolio. The factoring business specializes in providing financing solutions to middle-market companies. SLR-BC is a commercial finance company that specializes in making senior secured asset-based loans and factoring to small and medium-sized companies with borrowing needs of $100,000 up to $100 million. The approximately $115 million portfolio acquired from Webster is diversified with loans to long-standing customers. This acquisition increases SLR-BC’s exposure to first lien senior secured collateralized assets. The addition of the asset-based factoring business, along w
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SLRC
Earnings
- 8/7/24 - Beat
SLRC
Sec Filings
- 10/9/24 - Form DEFA14A
- 10/9/24 - Form DEF
- 8/19/24 - Form 8-K
- SLRC's page on the SEC website