THL Credit Announces Public Offering
02 October 2018 - 11:35PM
THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit”) announced that
it plans to make a public offering of Notes due 2023 (the
“Notes”). THL Credit expects to list the Notes on the New
York Stock Exchange under the trading symbol “TCRW.” The offering
of the Notes will be made under THL Credit’s existing shelf
registration statement, which was filed with, and declared
effective by, the Securities and Exchange Commission. Keefe,
Bruyette & Woods, A Stifel Company is acting as book-running
manager for this offering. Janney Montgomery Scott, B. Riley
FBR, BB&T Capital Markets, D.A. Davidson & Co., Ladenburg
Thalmann and William Blair are acting as co-lead managers for this
offering.
THL Credit intends to use the net proceeds from
this offering, together with other available funds, to repay
certain of its indebtedness, including the redemption of its
outstanding 6.75% Notes due 2021 and/or the repayment of a portion
of the outstanding indebtedness under its revolving credit
facility.
Investors are advised to carefully
consider the investment objective, risks, charges and expenses of
THL Credit before investing. The preliminary prospectus
supplement dated October 2, 2018 and the accompanying prospectus
dated June 5, 2018, each of which have been filed with the
Securities and Exchange Commission, contain this and other
information about THL Credit and should be read carefully before
investing.
The information in the preliminary
prospectus supplement, the accompanying prospectus and this press
release is not complete and may be changed. This press
release is not an offer to sell any securities of THL Credit and is
not soliciting an offer to buy such securities in any state where
such offer and sale is not permitted.
The offering may be made only by means
of a preliminary prospectus supplement and an accompanying
prospectus, copies of which may be obtained from: Keefe,
Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New
York, NY 10019 (telephone number 1-800-966-1559).
ABOUT THL CREDIT
THL Credit is a closed-end investment company that has elected
to be treated as a business development company under the
Investment Company Act of 1940. THL Credit’s investment objective
is to generate both current income and capital appreciation,
primarily through directly originated first lien secured loans,
including unitranche investments. In certain instances, THL Credit
also makes second lien, subordinated, or mezzanine debt
investments, which may include an associated equity component such
as warrants, preferred stock or other similar securities and direct
equity co-investments. THL Credit targets investments primarily in
middle market companies with annual EBITDA generally between $5
million and $25 million that require capital for growth and
acquisitions. THL Credit is headquartered in Boston, with
additional offices in Chicago, Dallas, Los Angeles and New York.
THL Credit’s investment activities are managed by THL Credit
Advisors LLC, an investment adviser registered under the Investment
Advisers Act of 1940.
ABOUT THL CREDIT ADVISORS LLC
THL Credit Advisors LLC (“THL Credit Advisors”)
is an alternative credit investment manager for both direct lending
and broadly syndicated investments through public and private
vehicles, collateralized loan obligations, separately managed
accounts and co-mingled funds. THL Credit Advisors maintains
a variety of advisory and sub-advisory relationships across its
investment platforms, including THL Credit, Inc. (NASDAQ: TCRD), a
publicly traded business development company, and THL Credit Senior
Loan Fund (NYSE: TSLF), a non-diversified, closed-end management
investment company.
FORWARD-LOOKING STATEMENTS
Statements made in this press release may constitute
forward-looking statements. Such statements reflect various
assumptions by THL Credit concerning anticipated results and are
not guarantees of future performance. The accuracy of such
statements involves known and unknown risks, uncertainties and
other factors that, in some ways, are beyond management’s control,
including the factors described in the prospectus supplement and
the accompanying prospectus relating to this offering and in THL
Credit’s other filings with the Securities and Exchange Commission.
THL Credit undertakes no duty to update any forward-looking
statements made herein. All forward-looking statements speak only
as of the date of this press release.
Investor Contact:
THL Credit, Inc. Terry Olson 617-790-6010
Media Contact:
StantonDoug Allen(646) 502-3530dallen@stantonprm.com
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