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THL Credit Closes Five New Investments; Discloses Recent Realizations

Stocks in this article: TCRD

BOSTON, Jan. 16, 2013 (GLOBE NEWSWIRE) -- THL Credit, Inc. (Nasdaq:TCRD) ("THL Credit") today announced that it recently participated in five new investment transactions and had several recent realizations on prior investments. It provided financing for: the recapitalization of Gold, Inc. ("Goldbug"), the recapitalization of Harrison Gypsum, LLC ("Harrison"), the refinancing of WIS International ("WIS"), the acquisition of Jimmy Sanders, Inc. by Pinnacle Operating Corporation ("Pinnacle"), and also invested in the income notes of an Octagon CLO ("Octagon CLO"). Certain amounts invested are expected to be syndicated. THL Credit also recently made follow-on investments in Dr. Fresh, Inc. and Pomeroy IT Solutions, Inc. ("Pomeroy") in support of acquisitions.

Additionally, THL Credit has recently received full prepayments of its holdings in Texas Honing, Inc. ("Texas Honing"), JDC Healthcare Management, LLC ("JDC"), Pomeroy, T&D Solutions, LLC ("T&D"), Purple Communications, Inc. ("Purple"), a partial prepayment of its holdings in YP Intermediate Holdings Corp. ("Yellow Pages"), and exited its broadly syndicated first lien loan positions in the fourth quarter.

RECAPITALIZATION OF GOLDBUG

THL Credit led the junior capital financing in support of Katherine Gold's recapitalization of Goldbug.  Founded in 1968 and headquartered in Aurora, CO, Goldbug is a leading designer and distributor of both private label and branded accessories and travel gear for infants and children.

"Katherine's integrity and leadership exemplify the attributes that define our unsponsored investments backing strong entrepreneurs.  Her commitment to succeed has helped establish Goldbug as a best-of-breed provider and we are proud to be partnering with her," said W. Hunter Stropp, Co-President of THL Credit. 

RECAPITALIZATION OF HARRISON

THL Credit participated in the senior secured term loan in the recapitalization of Harrison led by an affiliate of H.I.G. Capital LLC.  Harrison mines, mills, processes and distributes gypsum and anhydrite products to a variety of end markets. The company was founded in 1955 and is headquartered in Norman, OK.

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