THL Credit Announces Redemption of 6.75% Notes due 2021
October 05 2018 - 10:27AM
THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit”) today announced that
it will redeem all of its outstanding 6.75% Notes due 2021 (the
“2021 Notes”), at a redemption price of 100% of the outstanding
principal amount of the 2021 Notes, plus accrued and unpaid
interest to, but excluding, the date of redemption, November 5,
2018.
The redemption of the 2021 Notes will be funded
using the net proceeds from THL Credit’s recently completed public
offering of $50.0 million aggregate principal amount of 6.125%
Notes due 2023.
The 2021 Notes are currently traded on the New
York Stock Exchange under the symbol “TCRX” (CUSIP No. 872438
205).
As specified in the notice of redemption
relating to the redemption of the 2021 Notes, payment of the
redemption price will be made upon the presentation and surrender
of the 2021 Notes for redemption to the paying agent, U.S. Bank,
Corporate Trust Services, by hand or mail (including overnight
mail) at 111 Fillmore Avenue E, St. Paul, MN 55107.
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 THL Credit’s 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
THL Credit Senior Loan (NYSE:TSLF)
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