SALE OF BROADLY SYNDICATED LOANSIn October 2012, THL Credit invested in an aggregate of $24.0 million of broadly syndicated first lien secured term loans in five companies for short term investment purposes, leveraging certain credit resources of THL Credit Senior Loan Strategies LLC, a subsidiary of THL Credit's external manager, THL Credit Advisors LLC. THL Credit exited these loan investments in the fourth quarter of 2012 and used the proceeds for new junior capital investments. A return to shareholders, including gains and interest, of approximately $0.6 million was realized in the sale of these loans.
THL Credit Closes Five New Investments; Discloses Recent Realizations
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