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 Closes Five New Investments; Discloses Recent Realizations

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.

1 of 4

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs