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SLR Investment Corp. Announces Q3 Results: Expansion of Asset-Backed Lending and Share Repurchases

The Motley Fool +1 · ·by G4L

  1. 1SLR Investment Corp. reported that 95% of its $575.1 million in new investments for the third quarter was allocated to asset-backed lending.
  2. 2As of September 30, SLR Investment Corp. maintained a net debt-to-equity ratio of 1.1x and available capital of over $850 million.
  3. 3The company repurchased $10 million of its own shares following the end of the quarter.

So what's the key point?

SLR Investment Corp. significantly increased its business of lending money backed by collateral. The company used its available funds to buy back its own shares.

Source The Motley Fool +1 · View original ↗

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