On March 11, 2011, THL Credit closed on a three-year $115 million syndicated credit facility led by ING Capital LLC. The facility has an accordion feature that provides for expansion of the facility up to $125 million, subject to customary conditions. The facility will bear interest at a rate of LIBOR plus 3.5% per annum, with no LIBOR floor. "This credit facility significantly expands our investment fairway and our ability to invest at the most attractive risk-adjusted rates of return," noted James K. Hunt, chief executive officer of THL Credit. "We expect to begin drawing on our credit facility after investing our initial public offering proceeds. Future borrowings from the facility are expected to be accretive to our earnings and enhance returns to our shareholders."Business Outlook
THL Credit Announces Fourth Quarter 2010 Financial Results And Declares First Quarter Dividend Of $0.23 Per Share
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