Solar Capital Ltd. (NASDAQ:SLRC) Q2 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 10:00 am ET

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Solar Capital Ltd. (NASDAQ:SLRC) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2020 Solar Capital Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Michael Gross, Chairman and CEO. Thank you, and please go ahead.

Executive
Michael Gross

Thank you very much, and good morning. Welcome to Solar Capital Ltd.'s earnings call for the quarter ended June 30, 2020. I'm joined here today by Bruce Spohler, our Co-CEO; and Richard Peteka, Solar Capital's Chief Financial Officer.

Rich, before we begin, would you please start by covering the webcast and forward-looking statements.

Executive
Richard Peteka

Of course. Thanks, Michael. I would like to remind everyone that today's call and webcast are being recorded. Please note that they are the property of Solar Capital Limited and that any unauthorized broadcasts in any form are strictly prohibited. This conference call is being webcast on our website at www.solarcapltd.com. Audio replays of this call will be made available later today as disclosed in our earnings press release.

I would also like to call your attention to the customary disclosures in our press release regarding forward-looking information. Statements made in today's conference call and webcast may constitute forward-looking statements, which relate to future events or our future performance or financial condition. These statements are not guarantees of our future performance, financial condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies and the global economy.

Additionally, past performance is not indicative of future results. Actual results may differ materially as a result of a number of factors, including those described from time to time in our filings with the SEC. Solar Capital Ltd. undertakes no duty to update any forward-looking statements unless required to do so by law. To obtain copies of our latest SEC filings, please visit our website or call us at (212) 993-1670.

At this time, I'd like to turn the call back to our Chairman and Chief Executive Officer, Michael Gross.

Executive
Michael Gross

Thank you, Rich. Good morning, and thank you for joining us today. We hope this finds you and your family, friends and colleagues healthy and safe. Our thoughts continue to remain with all of our stakeholders, including the dedicated employees across Solar Capital and the company's investment adviser, Solar Capital Partners. We would also like to express our gratitude to all the health care and other frontline and essential workers and our sincere condolences to those families who have lost loved ones.

Before turning to our second quarter results, I'd like to take a moment to reflect back on the initial months of this public health care and economic crisis, which have tested us as a nation and the global community.

[Technical Issues] Solar Capital and its borrowers, management teams and financial sponsors. On a human level, the collaboration and dedication of our