THL Credit to repay revolver borrowings, term loan with note proceeds

By Angela McDaniels

Tacoma, Wash., Nov. 16 – THL Credit Inc. plans to use the proceeds of a note offering to repay outstanding debt under its revolving credit facility and term loan, according to a news release.

The company priced $22 million of 6.75% $25-par notes due Dec. 30, 2022 with a $3 million greenshoe on Wednesday.

Keefe Bruyette & Woods Inc. is the bookrunner.

THL Credit is a Boston-based business development company.

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