Investor Alert

Sept. 20, 2012, 10:35 a.m. EDT

THL Credit prices offering at 3.8% discount

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By Melodie Warner

THL Credit Inc.'s public offering of 5.3 million common shares priced at a 3.8% discount to Wednesday's close.

Shares were recently trading 4.4% lower at $14, compared with the offering's price of $14.09 a share.

The investment company said late Wednesday it would use the funds to repay debt and for general corporate purposes.

The company had 20.2 million shares outstanding as of July 30.

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