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Solar Capital Ltd. (NASDAQ:SLRC) reported the closing of a new $100 million Senior Secured Credit Facility with a new lender. The facility, which expires in December 2015, bears interest at a rate of LIBOR plus 3.00%. The Company’s initial draw on the new facility was used to repay the remaining balance of its 8.75% Senior Unsecured Notes at par.

The 10 worst stocks of 2010

Posted by marketnews on December 17th, 2010

The Standard & Poor's 500 Index ($INX) is up year to date, but not all of its members have fared as well. Among the benchmark's biggest losers as of Nov. 30 were struggling commodities companies, an unloved chip-maker and also-ran retailers.

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