By Stephanie N. Rotondo
Phoenix, Nov. 13 – THL Credit Inc. priced $45 million of 6.75% $25-par notes due Nov. 15, 2021, according to a press release published Thursday.
Keefe Bruyette & Woods Inc. and Raymond James & Associates Inc. are the joint bookrunners. BB&T Capital Markets is the lead manager.
Interest will be payable on the 30th day of March, June, September and December. The notes become redeemable on or after Nov. 15, 2017.
Proceeds will be used to repay debt outstanding under a revolving credit facility.
THL is a Boston-based externally managed, non-diversified closed-end management investment company.
| Issuer: | THL Credit Inc.
|
| Securities: | Notes
|
| Amount: | $45 million
|
| Greenshoe: | $6.75 million
|
| Maturity: | Nov. 15, 2021
|
| Bookrunners: | Keefe Bruyette & Woods Inc. and Raymond James & Associates Inc.
|
| Lead manager: | BB&T Capital Markets
|
| Coupon: | 6.75%
|
| Price: | Par of $25
|
| Yield: | 6.75%
|
| Talk: | 6.625% to 6.875%
|
| Call options: | On or after Nov. 15, 2021
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 18
|
| Expected listing: | NYSE: TCRX
|
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