May 14, 2010 (FinancialWire) — Solar Capital Ltd. (NASDAQ: SLRC) has priced its underwritten secondary offering of around 5.19 million shares at a price of $22.07 per share. Citi (NYSE: C), J.P. Morgan (NYSE: JPM), Morgan Stanley (NYSE: MS), Deutsche Bank Securities (NYSE: DB) and SunTrust Robinson Humphrey are acting as joint bookrunners.

In connection with the offering, the selling stockholders have granted the underwriters an option to purchase up to around 0.78 million additional shares. The offering is scheduled to close on May 19,.

Solar Capital said will sell no shares and receive no proceeds in relation to this offering.

New York-based Solar Capital is a closed-end investment company that invests primarily in leveraged, middle market companies in the form of senior secured loans, mezzanine loans, and equity securities.

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