Simpson Thacher Represents Underwriters in $92.5 Million Initial Public Offering by Solar Capital Ltd.
02.16.10
This is only gets display when printing
Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc. and J.P. Morgan Securities Inc., in connection with the initial public offering of 5,000,000 shares of common stock of Solar Capital Ltd., resulting in aggregate gross proceeds of $92.5 million. Solar’s common stock is listed on the NASDAQ Global Select Market under the symbol “SLRC.” Solar will use the net proceeds of the offering for new investments in portfolio companies, for general working capital purposes and temporary repayment of debt.
Solar is an externally managed non-diversified closed end management investment company regulated as a “business development company” under the Investment Company Act of 1940. Solar invests primarily in leveraged companies, including middle-market companies, in the form of senior secured loans, mezzanine loans and equity securities.
The Simpson Thacher team included, among others, Sarah Cogan, Joseph Kaufman, Robert Griffith and Kristin Marvin (Capital Markets); Jonathan Cantor (Tax); and Jennie Getsin (FINRA and Blue Sky). Paralegal Christopher Stone also provided valuable assistance.