THL Credit extends, reduces pricing of term loan; extends revolver

By Wendy Van Sickle

Columbus, Ohio, Aug. 19 – THL Credit, Inc. extended and reduced pricing of its $106.5 million term loan facility and extended its $303.5 million revolving credit facility, according to a Wednesday press release.

The term loan’s bullet maturity was extended to August 2021 from August 2019. Its pricing was reduced to Libor plus 275 basis points from Libor plus 325 bps.

The revolver’s availability period was extended to August 2019 from May 2017. It has a one-year amortization period with final maturity in August 2020.

The financing was led by ING Capital LLC.

The revolver’s interest remains at Libor plus 250 bps.

Each facility includes an accordion feature, permitting total commitments up to $600 million.

THL is a Boston-based externally managed, non-diversified closed-end management investment company.

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