THL Credit TCRD
("THL Credit") announced that it plans to make a public offering of 5,300,000
shares of its common stock. THL Credit also plans to grant the underwriters an
option to purchase up to an additional 795,000 shares of common stock. The
offering of the shares will be made under THL Credit's existing shelf
registration statement, which was filed with, and declared effective by, the
Securities and Exchange Commission. BofA Merrill Lynch, Citigroup, Credit
Suisse and RBC Capital Markets are acting as joint book-running managers for
this offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC,
and JMP Securities are acting as co-managers for this offering.
THL Credit expects to use the net proceeds of this offering to repay
outstanding indebtedness under its revolving credit facility and for general
corporate purposes, including working capital requirements. Through
reborrowing under its revolving credit facility, THL Credit intends to invest
in debt and equity securities of middle market companies in accordance with
its investment objective and strategies.
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