THL Credit Increases Revolving Credit Facility to $140 Million and Raises $50 Million Term Loan

THL Credit, Inc.

today announced an increase and extension of its syndicated revolving credit facility led by ING Capital LLC from $125 million to $140 million. The Revolver's availability period was extended from March 2013 to May 2015, followed by a one-year amortization period with a final maturity in May 2016. The pricing on the Revolver was reduced to LIBOR plus 3.25% when the facility is more than 35% drawn. Otherwise, the interest rate remains at LIBOR plus 3.50%, with no floor. Additionally, THL Credit raised a $50 million, five-year term loan financing (the "Term Loan") in a separate syndicated facility also led by ING Capital. The term loan has a bullet maturity in May 2017 and bears interest at LIBOR plus 4.00%, with no floor. Simultaneously, using an interest rate swap, the Company converted the variable rate pricing on the Term Loan to an effective all-in fixed rate of 5.14%. The Revolver and Term Loans each include an accordion feature permitting subsequent increases to either facility up to an aggregate maximum of $225 million.