Filed pursuant to Rule 497(a)(1)

File No. 333-179433

Rule 482AD

 

Solar Senior Capital Ltd. Announces Pricing of Public Offering of Common Stock

 

New York, NY – 01/15/2013 – Solar Senior Capital Ltd. (the “Company”) (NasdaqGS: SUNS) announced today that it has priced a public offering of 2,000,000 shares of its common stock at a public offering price of $18.85 per share for total gross proceeds of $37.7 million. The closing of the offering is subject to customary closing conditions and is expected to take place on January 18, 2013. In connection with the offering, the Company has granted the underwriters for the offering a 30-day option to purchase up to an additional 300,000 shares of common stock.

 

The Company intends to use the net proceeds from this offering to pay down outstanding indebtedness under its revolving credit facility, and for general corporate purposes, including working capital requirements. However, through reborrowing under its revolving credit facility, the Company intends to make investments in debt securities consistent with its investment objective and for other general corporate purposes.

 

Citigroup is acting as lead book-runner for this offering. RBC Capital Markets is acting as a book-runner, and the co-managers are JMP Securities LLC and Ladenburg Thalmann & Co. Inc.

 

Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement and accompanying prospectus, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing.

 

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

 

The shares will be issued from the Company’s shelf registration statement relating to these securities on file with and declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at 1-800-831-9146.

 

ABOUT SOLAR SENIOR CAPITAL LTD.

 

Solar Senior Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company invests primarily in leveraged, middle market companies in the form of senior secured loans.

 

FORWARD-LOOKING STATEMENTS

 

Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition, including statements with regard to the anticipated use of the net proceeds of the Company’s securities offering. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Solar Senior Capital Ltd. undertakes no duty to update any forward-looking statements made herein.

 

Source: Solar Senior Capital Ltd.

 

Solar Senior Capital Ltd.

Richard Pivirotto, 212-994-8543