Replies to post #27 on Solar Capital Ltd (SLRC)

[mthiker2004]

From the PR:

Solar Capital expects to invest approximately $275 million to effect the acquisition ...

Crystal Financial’s credit facility is expected to have approximately $145 million of borrowings outstanding at closing and is non-recourse to Solar Capital.

End quote.

$275 plus $145 is about $420. Of course, this is based on the very limited information that is currently public. Alternatively, we could reduce the Crystal (known) assets ($400m) by the CF, for estimated net worth of $255m, for which SLRC is paying $275. Because I live in a world of "hope," I'm hoping that there are more assets that we do not yet know about.