SLR Investment Corp. Commitments Disclosure
Note 15. Commitments and Contingencies
Off-Balance Sheet Arrangements
The Company had unfunded debt and equity commitments to various revolving and delayed-draw term loans as well as to SLR Credit and SLR Healthcare. The total amount of these unfunded commitments as of December 31, 2025 and December 31, 2024 was $394,096 and $234,554, respectively, comprised of the following:
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
||
SLR Credit Solutions* |
|
$ |
44,263 |
|
|
$ |
44,263 |
|
Ardelyx, Inc. |
|
|
29,272 |
|
|
|
6,648 |
|
Wilbur-Ellis Holdings II, LLC |
|
|
26,376 |
|
|
|
— |
|
Treace Medical Concepts, Inc. |
|
|
24,332 |
|
|
|
— |
|
Western Veterinary Partners LLC |
|
|
21,179 |
|
|
|
18,245 |
|
SLR Business Credit* |
|
|
20,000 |
|
|
|
8,000 |
|
SLR Healthcare ABL* |
|
|
18,700 |
|
|
|
10,000 |
|
Infillion Inc. |
|
|
16,774 |
|
|
|
— |
|
Lyneer Staffing Solutions, LLC |
|
|
16,000 |
|
|
|
— |
|
Arcutis Biotherapeutics, Inc. |
|
|
12,658 |
|
|
|
12,658 |
|
OIS Management Services, LLC |
|
|
11,416 |
|
|
|
— |
|
BDG Media, Inc. |
|
|
10,946 |
|
|
|
11,751 |
|
Copper River Seafoods, Inc. |
|
|
10,803 |
|
|
|
6,912 |
|
Southern Lifting and Hoisting, LLC |
|
|
10,115 |
|
|
|
— |
|
DeepIntent, Inc. |
|
|
9,777 |
|
|
|
7,254 |
|
SLR Equipment Finance* |
|
|
9,500 |
|
|
|
3,000 |
|
Stella & Chewy's, LLC |
|
|
9,248 |
|
|
|
— |
|
SPAR Marketing Force, Inc. |
|
|
7,665 |
|
|
|
5,449 |
|
SunMed Receivables I, LLC |
|
|
7,623 |
|
|
|
— |
|
Velocity One, LLC |
|
|
7,250 |
|
|
|
— |
|
Quantcast Corporation |
|
|
6,275 |
|
|
|
4,071 |
|
WMD Funding LLC |
|
|
6,191 |
|
|
|
7,243 |
|
Southern Transport LLC |
|
|
6,062 |
|
|
|
— |
|
The Townsend Company, LLC |
|
|
5,755 |
|
|
|
7,923 |
|
Sightly Enterprises, Inc. |
|
|
5,651 |
|
|
|
2,687 |
|
Pinnacle Fertility, Inc. |
|
|
5,280 |
|
|
|
— |
|
Sherwood Management Co., Inc. |
|
|
5,100 |
|
|
|
— |
|
Streamland Media Holdings LLC |
|
|
3,659 |
|
|
|
|
|
One Touch Direct, LLC |
|
|
3,544 |
|
|
|
7,970 |
|
Plastic Management, LLC |
|
|
3,128 |
|
|
|
10,806 |
|
iCIMS, Inc. |
|
|
2,945 |
|
|
|
3,530 |
|
WALCO Funding, LLC |
|
|
2,911 |
|
|
|
— |
|
33Across Inc. |
|
|
2,418 |
|
|
|
4,226 |
|
SLR Senior Lending Program LLC* |
|
|
2,125 |
|
|
|
2,125 |
|
Bayside Opco, LLC |
|
|
2,093 |
|
|
|
2,093 |
|
United Digestive MSO Parent, LLC |
|
|
1,927 |
|
|
|
7,496 |
|
SunMed Group Holdings, LLC |
|
|
1,621 |
|
|
|
1,621 |
|
EyeSouth Eye Care Holdco LLC |
|
|
1,279 |
|
|
|
1,279 |
|
Tilley Distribution, Inc. |
|
|
1,007 |
|
|
|
1,158 |
|
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 |
|
|
102 |
|
|
|
331 |
|
CVAUSA Management, LLC |
|
|
— |
|
|
|
10,164 |
|
Pasadena Private Lending Inc. |
|
|
— |
|
|
|
8,369 |
|
SPR Therapeutics, Inc. |
|
|
— |
|
|
|
6,083 |
|
Foundation Consumer Brands, LLC |
|
|
— |
|
|
|
3,009 |
|
Erie Construction Mid-west, LLC |
|
|
— |
|
|
|
2,403 |
|
Kaseya, Inc. |
|
|
— |
|
|
|
1,917 |
|
RxSense Holdings LLC |
|
|
— |
|
|
|
1,250 |
|
Urology Management Holdings, Inc. |
|
|
— |
|
|
|
863 |
|
High Street Buyer, Inc. |
|
|
— |
|
|
|
631 |
|
Total Commitments |
|
$ |
394,096 |
|
|
$ |
234,554 |
|
* The Company controls the funding of these commitments and may cancel them at its discretion.
The credit agreements of the above loan commitments contain customary lending provisions and/or are subject to the respective 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 December 31, 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 December 31, 2025 and December 31, 2024, management was not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 28, 2023 | |
About Commitments Disclosures
Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.
Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.