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. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on or about September 24, 2013. The Fund has granted the underwriters an option to purchase up to an additional 990,000 common shares. Should the underwriters exercise their overallotment option in full, the Fund will have raised approximately $151.8 million. About THL Credit Senior Loan Fund The Fund is a newly organized, non-diversified, closed-end management investment company. The Fund's 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. About THL Credit THL Credit Advisors LLC ("THL Credit") is an investment manager specializing in high yielding credit. THL Credit Senior Loan Strategies LLC ("THL Credit SLS") is a subsidiary of THL Credit. THL Credit is the external investment manager of THL Credit, Inc. (Nasdaq:TCRD), a business development company that, as a direct lender, makes investments in privately negotiated debt and equity securities of middle market companies, providing capital for growth, recapitalizations, leveraged buyouts and acquisitions. THL Credit is the subadviser investment manager of THL Credit Senior Loan Fund (NYSE:TSLF). Additionally, THL Credit SLS manages CLOs and separate accounts. Headquartered in Boston, THL Credit has additional investment teams in Chicago, New York, Houston and Los Angeles. Total assets under management at June 30, 2013 were $2.9 billion.