Simpson Thacher Represents Underwriters in Follow-On Offering of Common Stock of Solar Senior Capital
09.29.16
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The Firm recently represented the underwriters, led by Morgan Stanley and Wells Fargo Securities, in connection with the public offering of 4,490,152 shares of common stock (including 490,152 shares sold pursuant to the underwriters’ partial exercise of their option to purchase additional shares) of Solar Senior Capital Ltd. (NASDAQ: SUNS). The gross proceeds from the offering were approximately $75.26 million.
SUNS is regulated as a “business development company” under the Investment Company Act of 1940. SUNS invests primarily in senior loans, including first lien and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade.
The Simpson Thacher team for the transactions included Sarah Cogan, Rafael Vasquez, Daniel Honeycutt and Matthew Kemp (Capital Markets); Jonathan Cantor and Michael Badain (Tax); and Jennie Getsin (FINRA).