BOSTON, Dec. 3, 2014 (GLOBE NEWSWIRE) -- THL Credit, Inc. (Nasdaq:TCRD) ("THL Credit"), today announced that it has formed a joint venture with Perspecta Trident LLC ("Perspecta"), an affiliate of Perspecta Trust LLC ("Perspecta Trust") to create THL Credit Logan JV LLC ("Logan JV"). This joint venture is expected to invest primarily in senior secured first lien loans to middle market companies and other corporate debt investments, consistent with THL Credit's origination and underwriting strategy.
THL Credit is headquartered in Boston, with additional investment teams in Chicago, Houston, Los Angeles and New York. THL Credit is a direct lender that invests in first lien and second lien secured loans, including through unitranche investments, as well as subordinated debt, which may include an associated equity component such as warrants, preferred stock or other similar securities. In certain instances, THL Credit will also make direct equity investments and may also selectively invest in the residual interests, or equity, of collateralized loan obligations. THL Credit targets investments in middle market companies with annual revenues of between $25 million and $500 million that require capital for growth and acquisitions. THL Credit's investment activities are managed by THL Credit Advisors LLC, an investment adviser registered under the Investment Advisers Act of 1940.ABOUT PERSPECTA TRUST Perspecta Trust is a non-depository trust company that offers a full range of trust, investment management and wealth planning services to ultra-high net worth individuals and their families. Based in Hampton, New Hampshire, Perspecta Trust is strategically located to take advantage of New Hampshire's nation-leading tax and trust laws. The firm has over $5.5 billion in assets under its supervision and is independently owned by its principals. FORWARD-LOOKING STATEMENTS Statements made in this press release may constitute forward-looking statements. Such statements reflect various assumptions by THL Credit concerning anticipated results and are not guarantees of future performance. The accuracy of such statements involves known and unknown risks, uncertainties and other factors that, in some ways, are beyond management's control, including the factors described from time to time in filings by THL Credit with the Securities and Exchange Commission. THL Credit undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.
CONTACT: Investor Contact: THL Credit, Inc. Terrence W. Olson, COO & CFO 800-450-4424 Perspecta Trust Contact: firstname.lastname@example.org 603-929-2700 www.perspectatrust.com Media Contact: Sard Verbinnen & Co Matt Benson 212-687-8080