SLR Investment Corp. Announces Quarter and Year Ended December 31, 2024 Financial Results

Core Insights - SLR Investment Corp. reported a net investment income of $23.8 million, or $0.44 per share, for Q4 2024, with a declared quarterly distribution of $0.41 per share [2][33] - The net asset value (NAV) remained stable at $18.20 per share as of December 31, 2024, unchanged from the previous quarter [3][5] - The company has a diversified investment portfolio with a fair value of $2.0 billion and a comprehensive investment portfolio valued at $3.1 billion [5][10] Financial Performance - For the year ended December 31, 2024, the net investment income totaled $96.3 million, or $1.77 per share, compared to $92.1 million, or $1.69 per share, for the previous year [25][27] - The company experienced a net increase in net assets from operations of $95.8 million for the year, up from $76.4 million in 2023 [27] - Total investment income for the fiscal year was $232.4 million, an increase from $229.3 million in 2023, primarily due to higher dividend income from SSLP and specialty finance equity investments [22] Investment Activity - During Q4 2024, the company made investments totaling $338.4 million while prepaying and selling investments worth $442.7 million [6][8] - For the year, total investments made amounted to $1,352.6 million, with repayments and sales totaling $1,377.8 million [6][8] - The comprehensive investment portfolio is diversified across approximately 890 unique issuers in over 110 industries, with 98.2% invested in senior secured loans [10][12] Asset Quality - As of December 31, 2024, 99.6% of the portfolio was performing on a fair value basis, with only one investment on non-accrual [16] - The internal investment ratings indicate that 34.9% of investments are rated 1 (least risk), while 64.2% are rated 2 [17] Capital and Liquidity - The company had $507 million drawn on $970 million of total commitments available on its revolving credit facilities as of December 31, 2024 [28] - The net debt-to-equity ratio was 1.03x, down from 1.19x a year earlier, within the target range of 0.9x to 1.25x [30] - As of year-end, the company had over $900 million of available capital, including anticipated borrowing capacity [31]