THL Credit Announces Public Offering Of Additional 6.75% Notes Due 2022

BOSTON, Nov. 16, 2016 (GLOBE NEWSWIRE) -- THL Credit, Inc. (NASDAQ:TCRD) ("THL Credit") announced today that it priced a public offering of an additional $22,000,000 aggregate principal amount of its 6.75% notes due 2022 (the "Notes"). The Notes constitute a further issuance of, rank equally in right of payment with, and form a single series with the $35.0 million in aggregate principal amount of the 6.75% notes due 2022 that THL Credit issued on December 14, 2015 (the "Existing Notes"). The Existing Notes and the Notes will mature on December 30, 2022, and may be redeemed in whole or in part at any time or from time to time at THL Credit's option on or after December 30, 2018. The Notes will bear interest at a rate of 6.75% per year payable quarterly on March 30, June 30, September 30 and December 30 of each year, beginning December 30, 2016. THL Credit also granted the underwriters a 30-day option to purchase up to an additional $3,000,000 aggregate principal amount of Notes to cover overallotments, if any. The Existing Notes currently trade on the New York Stock Exchange under the symbol "TCRZ" and it is anticipated that the Notes will trade under the same symbol. Keefe, Bruyette & Woods, A Stifel Company, is acting as book-running manager for this offering. Janney Montgomery Scott LLC and Sandler O'Neill & Partners, L.P. are acting as co-lead managers for this offering and BB&T Capital Markets, a division of BB&T Securities, LLC, and Wunderlich Securities, Inc. are acting as co-managers for this offering.

The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about November 21, 2016.

THL Credit expects to use the net proceeds of this offering to repay outstanding indebtedness under its revolving credit facility and term loan facility.

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