| Commitments and Contingencies |
Note 9. Commitments and Contingencies Off-Balance Sheet Arrangements The Company has unfunded debt and equity commitments to various revolving and delayed-draw term loans as well as to SLR Credit and SLR Healthcare (each as defined below). The total amount of these unfunded commitments as of June 30, 2025 and December 31, 2024 was $396,921 and $234,554, respectively, comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
June 30,
2025 |
|
|
December 31,
2024 |
|
Cogent Biosciences, Inc. |
|
$ |
56,150 |
|
|
$ |
— |
|
SLR Credit Solutions* |
|
|
44,263 |
|
|
|
44,263 |
|
Ardelyx, Inc. |
|
|
29,273 |
|
|
|
6,648 |
|
Lyneer Staffing Solutions, LLC |
|
|
28,186 |
|
|
|
— |
|
OIS Management Services, LLC |
|
|
20,882 |
|
|
|
— |
|
Infillion Inc. |
|
|
18,579 |
|
|
|
— |
|
Wilbur-Ellis Holdings II, LLC |
|
|
12,769 |
|
|
|
— |
|
Arcutis Biotherapeutics, Inc. |
|
|
12,658 |
|
|
|
12,658 |
|
BDG Media, Inc. |
|
|
12,141 |
|
|
|
11,751 |
|
Stella & Chewy's, LLC |
|
|
11,219 |
|
|
|
— |
|
Plastic Management, LLC |
|
|
10,806 |
|
|
|
10,806 |
|
Alkeme Intermediary Holdings, LLC |
|
|
10,413 |
|
|
|
— |
|
SLR Healthcare ABL* |
|
|
8,800 |
|
|
|
10,000 |
|
WALCO Funding, LLC |
|
|
8,733 |
|
|
|
— |
|
SLR Business Credit* |
|
|
8,000 |
|
|
|
8,000 |
|
Copper River Seafoods, Inc. |
|
|
7,557 |
|
|
|
6,912 |
|
Velocity One, LLC |
|
|
7,250 |
|
|
|
— |
|
One Touch Direct, LLC |
|
|
6,826 |
|
|
|
7,970 |
|
WMD Funding LLC |
|
|
6,660 |
|
|
|
7,243 |
|
The Townsend Company, LLC |
|
|
6,569 |
|
|
|
7,923 |
|
United Digestive MSO Parent, LLC |
|
|
6,199 |
|
|
|
7,496 |
|
Quantcast Corporation |
|
|
5,983 |
|
|
|
4,071 |
|
Pinnacle Fertility, Inc. |
|
|
5,280 |
|
|
|
— |
|
Western Veterinary Partners LLC |
|
|
4,916 |
|
|
|
18,245 |
|
33 Across Inc. |
|
|
4,694 |
|
|
|
4,226 |
|
iCIMS, Inc. |
|
|
3,761 |
|
|
|
3,530 |
|
SPR Therapeutics, Inc. |
|
|
3,650 |
|
|
|
6,083 |
|
Sherwood Management Co., Inc. |
|
|
3,311 |
|
|
|
— |
|
CVAUSA Management, LLC |
|
|
3,151 |
|
|
|
10,164 |
|
Southern Transport LLC |
|
|
3,144 |
|
|
|
— |
|
Streamland Media Holdings LLC |
|
|
2,888 |
|
|
|
— |
|
Sightly Enterprises, Inc. |
|
|
2,710 |
|
|
|
2,687 |
|
Erie Construction Mid-west, LLC |
|
|
2,403 |
|
|
|
2,403 |
|
Southern Lifting and Hoisting, LLC |
|
|
2,303 |
|
|
|
— |
|
SLR Senior Lending Program LLC* |
|
|
2,125 |
|
|
|
2,125 |
|
Bayside Opco, LLC |
|
|
2,093 |
|
|
|
2,093 |
|
SunMed Group Holdings, LLC |
|
|
1,621 |
|
|
|
1,621 |
|
DeepIntent, Inc. |
|
|
1,402 |
|
|
|
7,254 |
|
EyeSouth Eye Care Holdco LLC |
|
|
1,279 |
|
|
|
1,279 |
|
SPAR Marketing Force, Inc. |
|
|
1,260 |
|
|
|
5,449 |
|
SLR Equipment Finance* |
|
|
1,150 |
|
|
|
3,000 |
|
Tilley Distribution, Inc. |
|
|
1,007 |
|
|
|
1,158 |
|
Urology Management Holdings, Inc. |
|
|
863 |
|
|
|
863 |
|
High Street Buyer, Inc. |
|
|
631 |
|
|
|
631 |
|
CC SAG Holdings Corp. (Spectrum Automotive) |
|
|
548 |
|
|
|
548 |
|
TAUC Management, LLC |
|
|
294 |
|
|
|
294 |
|
Shoes for Crews Global, LLC |
|
|
284 |
|
|
|
284 |
|
All States Ag Parts, LLC |
|
|
237 |
|
|
|
331 |
|
Pasadena Private Lending Inc. |
|
|
— |
|
|
|
8,369 |
|
Foundation Consumer Brands, LLC |
|
|
— |
|
|
|
3,009 |
|
Kaseya, Inc. |
|
|
— |
|
|
|
1,917 |
|
RxSense Holdings LLC |
|
|
— |
|
|
|
1,250 |
|
Total Commitments |
|
$ |
396,921 |
|
|
$ |
234,554 |
|
* The Company controls the funding of these commitments and may cancel them at its discretion. The credit agreements governing the above loan commitments contain customary lending provisions and/or are subject to the portfolio company’s achievement of certain milestones that allow relief to the Company from funding obligations for previously made commitments in instances where the underlying company experiences materially adverse events that affect the financial condition or business outlook for the company. Since these commitments may expire without being drawn upon, unfunded commitments do not necessarily represent future cash requirements or future earning assets for the Company. As of June 30, 2025 and December 31, 2024, the Company had sufficient cash available and/or liquid securities available to fund its commitments and had reviewed them for any appropriate fair value adjustment. From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of June 30, 2025 and December 31, 2024, management is not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.
|