Record Originations
SLR Investment Corp achieved a quarterly record of new originations with $567 million of new investments, resulting in comprehensive portfolio growth of $180 million to $3.2 billion.
Strong Asset-Based Lending (ABL) Performance
SLR originated a record quarter of new ABL originations at $373 million, the largest in the company's history, highlighting the effectiveness of their ABL strategy.
High Portfolio Quality
The portfolio had a weighted average yield of 12.2% with a strong credit profile. At quarter end, 99.5% of debt investments were performing with a de minimis percentage of PIK income.
Expansion and Infrastructure Investment
SLR has expanded its team with over 100 new hires across 20 regional offices, enhancing their origination funnel and infrastructure capabilities.
Increased Unsecured Debt Issuance
SLR privately placed $50 million of 3-year unsecured notes at a fixed interest rate of 5.96%, reflecting attractive and flexible cost of debt capital.