UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

January 4, 2013 (December 28, 2012)

SOLAR CAPITAL LTD.
(Exact name of registrant as specified in its charter)

Maryland   814-00754   26-1381340

(State or other jurisdiction

of incorporation)

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

500 Park Avenue
New York, NY 10022
 (Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (212) 993-1670

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 7.01 Regulation FD Disclosure.

On December 28, 2012, Solar Capital Ltd. (“Solar”) completed the acquisition of Crystal Capital Financial Holdings LLC (“Crystal Financial”), a commercial finance company focused on providing asset-based and other secured financing solutions, from SSP Energy Ltd., Quartz Managers LLC and Quantum Strategic Partners Ltd. (the “Acquisition”) pursuant to a definitive agreement entered into on December 17, 2012.  Solar invested $275 million in cash to effect the Acquisition using Solar’s available liquidity, including borrowings under Solar’s existing credit facilities. Crystal Financial has a diversified portfolio of 23 loans having a total par value of approximately $400 million at November 30, 2012 and a $275 million revolving credit facility.  Crystal Financial’s credit facility, which is non-recourse to Solar, had approximately $143 million of borrowings outstanding at the closing of the Acquisition.

The information disclosed under this Item 7.01 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:

January 4, 2013

 

SOLAR CAPITAL LTD.

 
 

 

By:

/s/ Richard Peteka

 

Richard Peteka

 

Chief Financial Officer, Treasurer and Secretary