ACQUISITION FINANCING FOR CYDCOR
THL Credit participated in the financing for the acquisition of Cydcor by its executive management team providing a senior secured term loan. Founded in 1994 and headquartered in Westlake Village, CA, Cydcor is a leading face-to-face customer acquisition company providing services throughout North America.
"The business provides a personal and cost-effective way for Cydcor's clients to reach customers when compared to other sales methods. The management team has a track record of driving growth and we look forward to supporting them as they take full ownership of the company," said Hunter Stropp, Co-President of THL Credit.
About THL CreditTHL 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 junior capital securities, including subordinated, or mezzanine, debt and second lien secured debt, which junior capital may include an associated equity component such as warrants, preferred stock or other similar securities. THL Credit may also selectively invest in first lien senior secured loans that generally have structures with higher interest rates which include unitranche investments. In certain instances, we will also make direct equity investments. THL Credit targets investments in middle market companies with annual revenues of between $25 million and $500 million that require capital for growth and acquisitions. THL Credit's investment activities are managed by THL Credit Advisors LLC, an investment adviser registered under the Investment Advisers Act of 1940. The THL Credit logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12478
CONTACT: Investor Contact: THL Credit, Inc. Terrence W. Olson COO & CFO 800-450-4424 Media Contact: Sard Verbinnen & Co Michael Henson 212-687-8080