THL Credit Prices Public Offering

BOSTON, Sept. 20, 2012 (GLOBE NEWSWIRE) -- THL Credit, Inc. (Nasdaq:TCRD) ("THL Credit") announced that it has priced its public offering of 5,300,000 shares of its common stock at a public offering price of $14.09 per share, raising $74.7 million in gross proceeds. BofA Merrill Lynch, Citigroup, Credit Suisse and RBC Capital Markets are acting as joint book-running managers for this offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, and JMP Securities are acting as co-managers for this offering.

The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on or about September 25, 2012. THL Credit has granted the underwriters an option to purchase up to an additional 795,000 shares of common stock, if any.

THL Credit expects to use the net proceeds of this offering to repay outstanding indebtedness under its revolving credit facility and for general corporate purposes, including working capital requirements. Through reborrowing under its revolving credit facility, THL Credit intends to invest in debt and equity securities of middle market companies in accordance with its investment objective and strategies.

Investors are advised to carefully consider the investment objective, risks, charges and expenses of THL Credit before investing. The preliminary prospectus supplement dated September 19, 2012 and the accompanying prospectus dated September 10, 2012, which have been filed with the Securities and Exchange Commission, contain this and other information about THL Credit and should be read carefully before investing.

The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of THL Credit and are not soliciting an offer to buy such securities in any state where such offer and sale is not permitted.

The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained from: BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, Attn: Prospectus Department, or e-mail dg.prospectus_requests@baml.com ; Citigroup, Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, telephone: (800) 831-9146, or email batprospectusdept@citi.com ; Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, by calling toll-free (800) 221-1037 or by email newyork.prospectus@credit-suisse.com ; RBC Capital Markets, LLC, Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, telephone: (212) 428-6670 or by fax: (212) 428-6260.

ABOUT THL CREDIT

THL Credit is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. THL Credit's investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. 

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