WASHINGTON (November 11, 2010) – Sutherland Asbill & Brennan LLP represented Solar Capital Ltd. (NASDAQ:SLRC) (the “Company") in a shelf offering on behalf of selling stockholders of 1,945,177 shares of the Company’s common stock (including the underwriters' over-allotment option), which closed on November 10, 2010. The selling stockholders received gross proceeds of approximately $43.2 million in the offering.
The Sutherland team representing Solar Capital Ltd. was led by Steven B. Boehm, John J. Mahon and Vlad M. Bulkin. Citi, Morgan Stanley, and Wells Fargo Securities, LLC acted as book-runners for this offering. Lead managers were Deutsche Bank Securities and SunTrust Robinson Humphrey. BMO Capital Markets, BB&T Capital Markets (a division of Scott & Stringfellow, LLC), and RBC Capital Markets acted as co-managers.
Inquiries related to this transaction may be directed to Steven B. Boehm, a Partner in Sutherland’s Financial Services Group, at 202.383.0176 or firstname.lastname@example.org, or John J. Mahon, a Partner in Sutherland’s Corporate Group, at 202.383.0515 or email@example.com.
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Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world’s largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven major practice areas—corporate, energy and environmental, financial services, intellectual property, litigation, real estate, and tax—provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies.