SLR Investment Corp. 10-Q: Portfolio Update

TL;DR

SLR Investment Corp. 10-Q filed. Portfolio includes loans to Superior Transportation & Neuronetics. Check financials.

AI Summary

SLR Investment Corp. filed its 10-Q for the period ending June 30, 2024. The company reported its financial performance and portfolio details, including investments in various sectors such as Equipment Financing and Senior Secured Loans. Specific investments mentioned include those in Superior Transportation, Inc. and Neuronetics, Inc., with interest rates and maturity dates provided.

Why It Matters

This filing provides investors with a detailed look into SLR Investment Corp.'s current holdings and financial health, crucial for assessing investment performance and future outlook.

Risk Assessment

Risk Level: medium — The company's business model involves significant investment in debt and equity, which carries inherent market and credit risks.

Key Numbers

• 10.22-10.63% — Interest Rate (For Superior Transportation, Inc. investment)
• 11.00% — Interest Rate (For Neuronetics, Inc. investment)
• 2026 — Maturity Date (For Superior Transportation, Inc. investment)
• 2028 — Maturity Date (For Neuronetics, Inc. investment)

Key Players & Entities

• SLR Investment Corp. (company) — Filer of the 10-Q
• Superior Transportation, Inc. (company) — Portfolio investment in Equipment Financing
• Neuronetics, Inc. (company) — Portfolio investment in Senior Secured Loans
• Solar Capital Ltd. (company) — Former company name
• 2024-06-30 (date) — Reporting period end date

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 per share SLRC The NASDAQ Global Se

Filing Documents

• ck0001418076-20240630.htm (10-Q) — 8492KB
• ck0001418076-ex23_1.htm (EX-23.1) — 5KB
• ck0001418076-ex31_1.htm (EX-31.1) — 12KB
• ck0001418076-ex31_2.htm (EX-31.2) — 12KB
• ck0001418076-ex31_3.htm (EX-31.3) — 12KB
• ck0001418076-ex32_1.htm (EX-32.1) — 8KB
• ck0001418076-ex32_2.htm (EX-32.2) — 8KB
• ck0001418076-ex32_3.htm (EX-32.3) — 9KB
• 0000950170-24-092748.txt ( ) — 28639KB
• ck0001418076-20240630.xsd (EX-101.SCH) — 1676KB
• ck0001418076-20240630_htm.xml (XML) — 7040KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements Consolidated Statements of Assets and Liabilities as of June 30, 2024 (unaudited) and December 31, 2023 3 Consolidated Statements of Operations for the three and six months ended June 30, 2024 (unaudited) and the three and six months ended June 30, 2023 (unaudited) 4 Consolidated Statements of Changes in Net Assets for the three and six months ended June 30, 2024 (unaudited) and the three and six months ended June 30, 2023 (unaudited) 3 Consolidated Statements of Cash Flows for the six months ended June 30, 2024 (unaudited) and the six months ended June 30, 2023 (unaudited) 6 Consolidated Schedule of Investments as of June 30, 2024 (unaudited) 7 Consolidated Schedule of Investments as of December 31, 2023 18

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) 29 Report of Independent Registered Public Accounting Firm 51 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 52 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 73 Item 4.

Controls and Procedures

Controls and Procedures 74

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 75 Item 1A.

Risk Factors

Risk Factors 75 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 75 Item 3. Defaults Upon Senior Securities 75 Item 4. Mine Safety Disclosures 75 Item 5. Other Information 75 Item 6. Exhibits 76

Signatures

Signatures 77 Table of Contents

FINA NCIAL INFORMATION

PART I. FINA NCIAL INFORMATION In this Quarterly Report, "Company", "we", "us", and "our" refer to SLR Investment Corp. unless the context states otherwise. Item1. Fin ancial Statements SLR INVESTMENT CORP. CONSOLIDATED STATEMENTS O F ASSETS AND LIABILITIES (in thousands, except share amounts) June 30, 2024 (unaudited) December 31, 2023 Assets Investments at fair value: Companies less than 5% owned (cost: $ 1,232,964 and $ 1,260,205 , respectively) $ 1,247,747 $ 1,271,442 Companies 5% to 25% owned (cost: $ 61,055 and $ 60,064 , respectively) 45,242 44,250 Companies more than 25% owned (cost: $ 875,473 and $ 870,128 , respectively) 843,561 839,074 Cash 11,031 11,864 Cash equivalents (cost: $ 274,126 and $ 332,290 , respectively) 274,126 332,290 Dividends receivable 12,114 11,768 Interest receivable 11,759 11,034 Receivable for investments sold 1,755 1,538 Prepaid expenses and other assets 943 608 Total assets $ 2,448,278 $ 2,523,868 Liabilities Debt ($ 1,158,850 and $ 1,183,250 face amounts, respectively, reported net of unamortized debt issuance costs of $ 4,497 and $ 5,473 , respectively. See note 7) $ 1,154,353 $ 1,177,777 Payable for investments and cash equivalents purchased 274,126 332,290 Management fee payable (see note 3) 7,874 8,027 Performance-based incentive fee payable (see note 3) 6,024 5,864 Interest payable (see note 7) 6,752 7,535 Administrative services payable (see note 3) 3,111 1,969 Other liabilities and accrued expenses 3,035 3,767 Total liabilities $ 1,455,275 $ 1,537,229 Commitments and contingencies (see note 9) Net Assets Common stock, par value $ 0.01 per share, 200,000,000 and 200,000,000 common shares authorized, respectively, and 54,554,634 and 54,554,634 shares issued and outstanding, respectively $ 546 $ 546 Paid-in capital in excess of par 1,117,930 1,117,930 Accumulated

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