THL Credit plans offering of $25-par notes due 2023

By James McCandless

San Antonio, Oct. 2 – THL Credit, Inc. intends to sell $25-par notes due Oct. 30, 2023, according to filings with the Securities and Exchange Commission.

Keefe, Bruyette & Woods, Inc. is the bookrunner.

Janney Montgomery Scott LLC, B. Riley FBR, Inc., BB&T Capital Markets, D.A. Davidson & Co., Ladenburg Thalmann & Co. Inc. and William Blair & Co., LLC are the lead managers.

The notes are redeemable after two years.

THL plans to use the proceeds to repay some of its debt, including the redemption of its outstanding 6.75% notes due 2021 and/or the repayment of a portion of the outstanding debt under its revolving credit facility.

The company plans to list the notes on the New York Stock Exchange under the symbol “TCRW.”

THL is a Boston-based middle market investment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.