North Haven Private Income Fund LLC Closes Acquisition of SL Investment Corp. (“The Transaction”)
2024年7月16日 - 5:16AM
ビジネスワイヤ(英語)
North Haven Private Income Fund LLC (“PIF”), a business
development company externally managed by MS Capital Partners
Adviser Inc. (the “Adviser”), announced today that it has completed
its previously announced acquisition of SL Investment Corp.
(“SLIC”). As part of the Transaction, PIF acquired approximately
$1.2 billion of total investment commitments at par value and
assumed approximately $558.1 million of indebtedness from SLIC’s
existing credit facility.
Upon closing of the Transaction, PIF paid an aggregate of
approximately $561.7 million to former holders of SLIC’s common
stock, which was funded using borrowings under PIF’s credit
facilities and available cash.
Jeffrey Levin, President and Chief Executive Officer of PIF,
said, “We are very pleased with the performance of both funds and
excited to be delivering value for the investors of both entities
with this Transaction. We are pleased to conclude this Transaction,
which provides PIF with even greater scale and provides immediate
liquidity to SLIC stockholders.”
About North Haven Private Income Fund, LLC
North Haven Private Income Fund, LLC is a non-diversified,
externally managed specialty finance company focused on lending to
middle-market companies. PIF has elected to be regulated as a
business development company under the Investment Company Act of
1940, as amended. PIF is externally managed by the Adviser, an
indirect, wholly owned subsidiary of Morgan Stanley. PIF is not a
subsidiary of or consolidated with Morgan Stanley. For more
information about North Haven Private Income Fund LLC, please visit
http://www.northhavenprivateincomefund.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240715746298/en/
Investors Michael Occi michael.occi@morganstanley.com
Media Alyson Barnes 212-762-0514
alyson.barnes@morganstanley.com