BOSTON, Oct. 02, 2018 (GLOBE NEWSWIRE) -- THL Credit, Inc. (NASDAQ: TCRD) announced that it plans to make a public offering of Notes due 2023. THL Credit expects to list the Notes on the New York Stock Exchange under the trading symbol “TCRW.” The offering of the Notes will be made under THL Credit’s existing shelf registration statement, which was filed with, and declared effective by, the Securities and Exchange Commission. Keefe, Bruyette & Woods, A Stifel Company is acting as book-running manager for this offering. Janney Montgomery Scott, B. Riley FBR, BB&T Capital Markets, D.A. Davidson & Co., Ladenburg Thalmann and William Blair are acting as co-lead managers for this offering.

THL Credit intends to use the net proceeds from this offering, together with other available funds, to repay certain of its indebtedness, including the redemption of its outstanding 6.75% Notes due 2021 and/or the repayment of a portion of the outstanding indebtedness under its revolving credit facility.

ABOUT THL CREDIT

THL Credit is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. THL Credit’s investment objective is to generate both current income and capital appreciation, primarily through directly originated first lien secured loans, including unitranche investments. In certain instances, THL Credit also makes second lien, subordinated, or mezzanine debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments. THL Credit targets investments primarily in middle market companies with annual EBITDA generally between $5 million and $25 million that require capital for growth and acquisitions. THL Credit is headquartered in Boston, with additional offices in Chicago, Dallas, Los Angeles and New York. THL Credit’s investment activities are managed by THL Credit Advisors LLC, an investment adviser registered under the Investment Advisers Act of 1940.

ABOUT THL CREDIT ADVISORS LLC

THL Credit Advisors LLC (“THL Credit Advisors”) is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. THL Credit Advisors maintains a variety of advisory and sub-advisory relationships across its investment platforms, including THL Credit, Inc. (NASDAQ: TCRD), a publicly traded business development company, and THL Credit Senior Loan Fund (NYSE: TSLF), a non-diversified, closed-end management investment company.