THL Credit to raise $30 million via sale of $25-par notes due 2022

By Stephanie N. Rotondo

Seattle, Dec. 9 – THL Credit Inc. is planning a $30 million offering of $25-par notes due 2022, according to a prospectus filed with the Securities and Exchange Commission on Wednesday.

Keefe Bruyette & Woods Inc. is the bookrunning manager. BB&T Capital Markets, Janney Montgomery Scott LLC and Wunderlich Securities Inc. are the lead managers.

Interest will be payable quarterly. The company can redeem the debt in 2018 at par plus accrued interest.

The company intends to list the new securities on the New York Stock Exchange under the ticker symbol “TCRZ.”

Proceeds will be used to repay a portion of the $182.6 million outstanding under a revolving credit facility.

THL is a Boston-based business development company.

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