other material
confidence high
sentiment neutral
materiality 0.55
SLR Investment Corp. reports no material exposure to Silicon Valley Bank or Signature Bank issues
SLR Investment Corp.
- No cash held at SVB or SBNY; $13M unfunded exposure to SBNY (<1% of total credit facilities).
- Net leverage 1.08x, no debt maturities until end of 2024; 50% of borrowings fixed at 3.9%.
- One life science portfolio company holds cash at SVB, representing less than 0.2% of portfolio fair value; FDIC guarantee covers deposits.
- 98.6% of portfolio in first lien senior secured loans; over $650M available capital.
- Investment advisor SLR Capital Partners has $3.8B additional investable capital to deploy opportunistically.