trending Market Intelligence /marketintelligence/en/news-insights/trending/gtrnibe6ochr2ol_aklwwq2 content esgSubNav
In This List

Solar Senior Capital shareholders approve lower asset coverage ratio

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Solar Senior Capital shareholders approve lower asset coverage ratio

Shareholders of Solar Senior Capital Ltd. approved the reduction of the company's asset coverage requirement to 150% from 200%.

They voted for the proposal at the annual meeting of shareholders held Oct. 11.

The company's board had previously approved the proposal, which would have become effective Aug. 2, 2019. With the shareholder approval, however, the change will take effect Oct. 12 and would permit the company to double the amount of debt it could incur.