Key Developments: THL Credit Inc (TCRD.O)

TCRD.O on Nasdaq

13.29USD
22 Sep 2014
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Latest Key Developments (Source: Significant Developments)

THL Credit Inc declares third fiscal quarter dividend
Monday, 11 Aug 2014 04:01pm EDT 

THL Credit Inc:Declared third fiscal quarter 2014 dividend of $0.34 per share payable on Sept. 30 to stockholders of record as of Sept. 15.  Full Article

THL Credit announces co-ceo promotions in a management transition beginning July 31
Thursday, 26 Jun 2014 04:03pm EDT 

THL Credit Inc:Announced the promotions of Christopher J. Flynn and Sam W. Tillinghast to Co-Chief Executive Officers and Co-Chief Investment Officers of both TCRD and its external manager, THL Credit Advisors LLC.Succeeds James K. Hunt, who will continue as Chairman of the Board of TCRD and a member of the Board of Directors of THL Credit Advisors LLC, and will serve as Executive Chairman of THL Credit Advisors LLC.Transition will be effective July 31.  Full Article

THL Credit Inc advisors raises $620 mln collateralized loan obligation
Friday, 2 May 2014 08:45am EDT 

THL Credit Inc:Closed on $620 mln collateralized loan obligation.Loan obligation was led by Deutsche Bank Securities Inc.  Full Article

THL Credit Inc declares first quarter 2014 dividend
Wednesday, 5 Mar 2014 04:20pm EST 

THL Credit Inc:Declares a first fiscal quarter 2014 dividend of $0.34 per share payable on March 31, 2014, to stockholders of record as of March 17, 2014.  Full Article

THL Credit Inc's THL Credit Advisors LLC Announces Pricing Of THL Credit Senior Loan Fund's Public Offering
Monday, 23 Sep 2013 09:15am EDT 

THL Credit Advisors LLC (THL Credit), THL Credit, Inc, announced that THL Credit Senior Loan Fund (the Fund), a closed-end fund, has priced its initial public offering of 6,600,000 common shares at a price of $20.00 per share, raising approximately $132 million of gross proceeds. The shares began trading September 20, 2013 on the New York Stock Exchange under the symbol TSLF. Raymond James, RBC Capital Markets, Stifel, and Oppenheimer and Co. were the lead managers for this offering. THL Credit will serve as the Fund's subadviser. Four Wood Capital Advisors, LLC (FWCA) will serve as the Fund's investment adviser. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on or about September 24, 2013. The Fund has granted the underwriters an option to purchase up to an additional 990,000 common shares. Should the underwriters exercise their overallotment option in full, the Fund will have raised approximately $151.8 million.  Full Article

THL Credit Inc Declares Third Fiscal Quarter 2013 Dividend And Special Dividend
Tuesday, 6 Aug 2013 04:01pm EDT 

THL Credit Inc announced that Board of Directors has declared a third fiscal quarter 2013 dividend of $0.34 per share and a special dividend of $0.08 per share both payable on September 30, 2013, to stockholders of record as of September 16, 2013.  Full Article

THL Credit Inc Closes Public Offering Of Common Stock
Monday, 24 Jun 2013 04:01pm EDT 

THL Credit Inc announced that it has closed its public offering of 7,590,000 shares of its common stock at a public offering price of $14.62 per share, raising $111.0 million in gross proceeds. The 7,590,000 shares of common stock include 990,000 shares from the over-allotment option granted to the underwriters that was exercised in full. BofA Merrill Lynch, Citigroup, Credit Suisse and Barclays acted as joint book-running managers for this offering. Keefe, Bruyette & Woods, a Stifel Company, acted as lead manager for this offering. BB&T Capital Markets, a division of BB&T Securities, LLC, JMP Securities and Maxim Group LLC acted as co-managers for this offering. THL Credit intends to use the net proceeds of this offering to repay outstanding indebtedness under its revolving credit facility and for general corporate purposes, including working capital requirements.  Full Article

THL Credit Inc Prices Public Offering
Wednesday, 19 Jun 2013 08:48am EDT 

THL Credit Inc announced that it has priced a public offering of 6,600,000 shares of its common stock at a public offering price of $14.62 per share, raising approximately $96.5 million of gross proceeds. BofA Merrill Lynch, Citigroup, Credit Suisse and Barclays are acting as joint book-running managers for this offering. Keefe, Bruyette & Woods, a Stifel Company, is acting as lead manager for this offering. BB&T Capital Markets, a division of BB&T Securities, LLC, JMP Securities and Maxim Group LLC are acting as co-managers for this offering. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on or about June 24, 2013. THL Credit has granted the underwriters an option to purchase up to an additional 990,000 shares of common stock, if any. THL Credit expects to use the net proceeds of this offering to repay outstanding indebtedness under its revolving credit facility and for general corporate purposes, including working capital requirements.  Full Article

THL Credit Inc Announces Public Offering
Tuesday, 18 Jun 2013 04:03pm EDT 

THL Credit Inc announced that it plans to make a public offering of 6,600,000 shares of its common stock. THL Credit also plans to grant the underwriters an option to purchase up to an additional 990,000 shares of common stock. The offering of the shares will be made under THL Credit's existing shelf registration statement, which was filed with, and declared effective by, the Securities and Exchange Commission. BofA Merrill Lynch, Citigroup, Credit Suisse and Barclays are acting as joint book-running managers for this offering. Keefe, Bruyette & Woods, a Stifel Company, is acting as lead manager for this offering. BB&T Capital Markets, a division of BB&T Securities, LLC, JMP Securities and Maxim Group LLC are acting as co-managers for this offering. THL Credit expects to use the net proceeds of this offering to repay outstanding indebtedness under its revolving credit facility and for general corporate purposes, including working capital requirements.  Full Article

THL Credit Inc Declares Second Fiscal Quarter 2013 Dividend
Monday, 6 May 2013 04:03pm EDT 

THL Credit Inc announced that Board of Directors has declared a second fiscal quarter 2013 dividend of $0.34 per share payable on June 28, 2013, to stockholders of record as of June 14, 2013. This represents an increase of $0.01 per share over the prior quarter's dividend.  Full Article

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