By Stephanie N. Rotondo
Seattle, Dec. 10 – THL Credit Inc. priced $30.5 million of 6.75% $25-par notes due Dec. 30, 2022 on Thursday, according to a news release.
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 on or after Dec. 30, 2018 at par plus accrued interest.
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.
| Issuer: | THL Credit Inc.
|
| Securities: | Notes
|
| Amount: | $30.5 million
|
| Greenshoe: | $4.5 million
|
| Maturity: | Dec. 30, 2022
|
| Bookrunner: | Keefe Bruyette & Woods Inc.
|
| Lead managers: | BB&T Capital Markets, Janney Montgomery Scott LLC, Wunderlich Securities Inc.
|
| Coupon: | 6.75%
|
| Price: | Par of $25
|
| Yield: | 6.75%
|
| Call options: | On or after Dec. 30, 2018 at par plus accrued interest
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 14
|
| Expected listing: | NYSE: TCRZ
|
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