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    THL Credit, Inc. (TCRD)

    11.65 Down 0.05(0.43%) Oct 9, 4:00PM EDT
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    THL Credit, Inc.
    100 Federal Street
    31st Floor
    Boston, MA 02110
    United States - Map
    Phone: 800-450-4424
    Website: http://www.thlcredit.com

    Index Membership:N/A
    Industry:Asset Management
    Full Time Employees:N/A

    Business Summary 

    THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers. The fund does not intend to invest in start-up companies, operationally distressed situations, or companies with speculative business plans. The fund invests primarily in debt securities, including unsecured subordinated or mezzanine debt and second lien secured debt, which may include an associated equity component such as warrants, preferred stock, options to buy minority interest, and other similar securities. Its investments may also include high-yield bonds, private equity investments, securities of public companies that are broadly traded, and securities of non-United States companies. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The fund may make direct equity investments, including equity investments into or through funds, and also selectively invest in syndicated first lien secured loans, including unitranche investments. It seeks to invest between $10 million and $25 million of capital per transaction in companies with annual revenues ranging from $25 million to $500 million. The fund prefers to be a lead or sole investor in a transaction.

    Key Statistics

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    Corporate Governance 
    THL Credit, Inc.’s ISS Governance QuickScore as of Jul 1, 2014 is 3. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 5; Compensation: 1.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Sam W. Tillinghast , 52
    Co-Chief Exec. Officer, Co-Chief Investment Officer, Member of Investment Committee, and Member of Board of Directors
    Mr. Christopher J. Flynn , 42
    Co-Chief Exec. Officer, Co-Chief Investment Officer, Member of Investment Committee, and Member of the Board of Directors
    Mr. Wendell Hunter Stropp , 44
    Pres and Member of Investment Committee
    Mr. Terrence W. Olson , 48
    Chief Operating Officer, Chief Financial Officer, and Member of Investment Committee
    Ms. Stephanie Paré Sullivan J.D., 42
    Chief Legal Officer and Gen. Counsel
    Mr. Brian W. Good ,
    Co-Head of Tradable Credit Platform
    Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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