BOSTON, Sept. 23, 2013 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC ("THL Credit"), the external investment manager of publicly-listed business development company THL Credit, Inc. (Nasdaq:TCRD), announced that THL Credit Senior Loan Fund (the "Fund"), a closed-end fund, has priced its initial public offering of 6,600,000 common shares at a price of $20.00 per share, raising approximately $132 million of gross proceeds. The shares began trading September 20, 2013 on the New York Stock Exchange under the symbol "TSLF". Raymond James, RBC Capital Markets, Stifel, and Oppenheimer and Co. were the lead managers for this offering. THL Credit will serve as the Fund's subadviser. Four Wood Capital Advisors, LLC ("FWCA") will serve as the Fund's investment adviser.
THL Credit Announces The Pricing Of THL Credit Senior Loan Fund's Public Offering
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.