This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

THL Credit Participates In Recapitalization Of Pomeroy IT Solutions

BOSTON and LOS ANGELES, Feb. 17, 2011 (GLOBE NEWSWIRE) -- THL Credit, Inc. (Nasdaq:TCRD) ("THL Credit") today announced that it participated in the recapitalization of Pomeroy IT Solutions, Inc. ("Pomeroy" or the "Company"), a portfolio company of Platinum Equity ("Platinum"). THL Credit and its managed fund, THL Credit Greenway Fund LLC, partnered with Triangle Capital Corporation to provide junior debt capital in the recapitalization.

"Through its comprehensive portfolio of service offerings, Pomeroy is uniquely positioned to take advantage of new opportunities and continued growth in the IT outsourcing market. Together with our partner in the transaction, we look forward to supporting Platinum and the Company as they build upon this operating platform," said Kunal Soni, Managing Director of THL Credit.

Headquartered in Hebron, KY, Pomeroy is a leading IT services and solutions provider serving Fortune 2000 companies, state and local government agencies and middle market clients.

About THL Credit

THL Credit is an externally-managed, non-diversified closed-end management investment company that has elected to be treated 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 is headquartered in Boston, with additional investment teams in Los Angeles and Houston. 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.

CONTACT: Investor Contact:
         THL Credit, Inc.
         Terrence W. Olson, COO & CFO
         617-790-6010
         
         Media Contact:
         Sard Verbinnen & Co
         Michael Henson
         212-687-8080

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs