At Dec. 31, 2012, THL Credit had $50.0 million in outstanding borrowings on its term loan with a weighted average interest rate of 4.21 percent. THL Credit borrowed $139.9 million under its revolving credit facility for the year ended Dec. 31, 2012 and repaid the entire amount during the year with proceeds from investments sales and prepayments, its term loan facility issuance in May 2012 and with proceeds from its public offering in September 2012.For the year ended Dec. 31, 2012, THL Credit's operating activities used cash of $95.4 million primarily in connection with the purchase of investments, and its financing activities provided cash of $130.9 million from the net proceeds received from the public equity offering as well as net borrowings and used cash of $36.2 million for the payment of dividends to stockholders, financing costs related to the credit facility and offering costs related to the public equity offering.
THL Credit Announces Fourth Quarter 2012 Financial Results
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