Silver Spike Investment Corp. Expands Loan Portfolio with

NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) — Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”), allotted a complete of $21 million to the not too long ago introduced Verano Holdings Corp. (“Verano”) $350 million senior secured credit score facility. Verano is a number one, vertically built-in, multi-state hashish operator within the U.S., dedicated to the continuing enchancment of communal wellness by offering accountable entry to regulated hashish merchandise.

“We are excited to continue to grow SSIC’s loan portfolio, especially with top tier cannabis companies such as Verano. The broader capital markets have been volatile this year, yet we believe that our methodical approach to underwriting and expertise positions us well to capitalize on the supply-demand imbalance for debt capital in the marketplace,” mentioned Frank Kotsen, Silver Spike Capital’s Head of Credit.

About Silver Spike Investment Corp.

Silver Spike Investment Corp. (“SSIC”) is a specialty finance firm fashioned to speculate throughout the hashish ecosystem by means of investments within the type of direct loans to hashish firms. SSIC has elected to be handled as a business growth firm underneath the Investment Company Act of 1940, as amended. SSIC is managed by Silver Spike Capital, LLC, an funding supervisor centered on the hashish and different well being and wellness industries.

Forward-Looking Statements

Certain info contained herein might represent “forward-looking statements” that contain substantial dangers and uncertainties. Such statements contain identified and unknown dangers, uncertainties and different elements and undue reliance shouldn’t be positioned thereon. These forward-looking statements are usually not historic info, however moderately are based mostly on present expectations, estimates and projections about SSIC, its present and potential portfolio investments, its business, its beliefs and opinions, and its assumptions. Words equivalent to “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of those phrases and related expressions are meant to determine forward-looking statements. These statements are usually not ensures of future efficiency and are topic to dangers, uncertainties and different elements, a few of that are past SSIC’s management and troublesome to foretell and will trigger precise outcomes to vary materially from these expressed or forecasted within the forward-looking statements together with, with out limitation, the dangers, uncertainties and different elements recognized in SSIC’s filings with the SEC. Investors shouldn’t place undue reliance on these forward-looking statements, which apply solely as of the date on which SSIC makes them. SSIC doesn’t undertake any obligation to replace or revise any forward-looking statements or another info contained herein, besides as required by relevant legislation.

Contacts

Investors:
Bill Healy
[email protected]
212-905-4933

Media:
Alan Oshiki and Sydney Gever
Abernathy MacGregor
[email protected]
212-371-5999