SLR Investment Corp. Announces $135 Million Note Offering Amid Cautious Credit Outlook
SLR Investment Corp. (SLRC) has outlined a new $135 million note offering as part of its ongoing capital management strategy. Despite the fundraising, the company maintains a strong focus on its core business, reporting that specialty finance originations remain at 95% of its target composition. During the Q3 earnings call, Chairman and Co-CEO Michael Gross provided a cautious outlook regarding the broader credit cycle. He warned investors that defaults and liability management exercises are expected to increase over the coming year, suggesting that default rates may exceed current market expectations.