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THL Credit Closes Three Investments

MedQuist is a leading provider of integrated clinical documentation solutions for the United States healthcare industry. Headquartered in Mount Laurel, NJ, MedQuist's services aim to reduce costs and improve access to patient information through speech recognition-enabled technology.

"We are pleased to join the lending team to support MedQuist's continued growth and to contribute to a transaction that will create value for MedQuist and its shareholders," said Chris Flynn, managing director of THL Credit Advisors LLC.

T&D SOLUTIONS ACQUIRES E&R

THL Credit has also provided financing to T&D Solutions, LLC, a leading provider of maintenance and construction services for electric transmission and distribution lines throughout the Gulf States region, in its acquisition of E&R, Inc. E&R Inc., based in Kinston, NC, provides construction and maintenance services within the electric utility industry.

Headquartered in Alexandria, Louisiana, T&D Solutions is a portfolio company of Huntsman Gay Global Capital LLC. THL Credit participated in this transaction with Cyan Partners, LP ("Cyan") and D.E. Shaw Direct Capital Portfolios, L.L.C. ("D.E. Shaw"), and their affiliates. Both Cyan and D.E. Shaw are existing lenders to T&D Solutions.

"Our participation in this transaction will help combine two geographically complementary companies to better serve the infrastructure needs of the electric utility industry in the Gulf States and Southeastern regions of the U.S. The combined company provides a critical service to the regions it serves and we're happy that we can play a financing role in this important transaction," said Sam Tillinghast, co-president of THL Credit.

About THL Credit

THL Credit is an externally-managed, non-diversified closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. THL Credit's investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. THL Credit invests primarily in private subordinated debt, or mezzanine debt, in middle market companies with annual revenues of between $25 million and $500 million that require capital for growth and acquisitions. Such investments in many cases include an associated equity component such as warrants, preferred stock or other similar securities. THL Credit's investment activities are managed by THL Credit Advisors LLC, an investment adviser registered under the Investment Advisers Act of 1940.

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