Investor Alert

Oct. 23, 2018, 4:22 p.m. EDT

United States : THL Credit Completes $51.6 Million Notes Offering

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Oct 23, 2018 (Euclid Infotech Ltd via COMTEX) -- Simpson Thacher advised THL Credit, Inc. on the recent registered offering of $51.6 million aggregate principal amount of 6.125% Notes due 2023, including pursuant to a partial exercise of the underwriters overallotment option. THL Credit used the net proceeds from the 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. Keefe, Bruyette & Woods, A Stifel Company, acted as bookrunning manager for the offering.

THL Credit is a business development company that targets investments primarily in middle market companies.

The Simpson Thacher team included David Blass, Christopher Healey and Lucie Enns (Registered Funds); Will Golden, Jon Pacheco and Robert Kelley (Capital Markets); and Robert Holo, Jonathan Cantor and Morgan Otway (Tax).

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