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Four Wood Capital Partners Successfully Launches First Closed-End Fund

NEW YORK, Sept. 23, 2013 (GLOBE NEWSWIRE) -- Four Wood Capital Partners LLC ("FWCP") today announced that their first listed closed-end fund, THL Credit Senior Loan Fund (the "Fund"), has successfully priced its initial public offering and began trading on the New York Stock Exchange on September 20 th, 2013 under the symbol "TSLF."

The Fund raised $132 million in its common share offering, excluding any exercise of the underwriters' option to purchase additional shares. If the underwriters exercise that option in full, which may or may not occur, the Fund will have raised approximately $151.8 million.

"In the current environment, we believe that bank loans should continue to deliver attractive performance. Technicals generally appear solid to us as demand from institutional and retail investors continues to increase, rapidly absorbing the market supply. We believe we are witnessing a transformation in which investors who have not participated in bank loans are making dedicated allocations to the asset class for the first time. As such, we strongly believe in our partnership with THL Credit, an elite institutional manager in the bank loan space, and their abilities as the Fund's subadviser," said Steven A. Baffico, Managing Partner & CEO of Four Wood Capital.

THL Credit Senior Loan Fund ("the Fund") is a newly organized, non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income and preservation of capital primarily thorough investment in U.S dollar-denominated senior secured corporate loans and notes ("Bank Loans"). The Bank Loans in which the Fund expects to invest substantially all of its assets are fully-collateralized, first lien corporate loans and notes

Lead managers of the underwriting syndicate were Raymond James, RBC Capital Markets, Stifel and Oppenheimer and Co. 

Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing.

The investment return, price, yields, market value and net asset value (NAV) of a fund's shares will fluctuate with market conditions. Closed-end funds frequently trade at a discount to their NAV, which may increase an investor's risk of loss. At the time of sale, your shares may have a market price that is above or below NAV, and may be worth more or less than your original investment. There is no assurance that the Fund will meet its investment objective.

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