Last €9.59 EUR
Change Today -0.062 / -0.64%
Volume 0.0
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thl credit inc (27T) Snapshot

Open
€9.59
Previous Close
€9.65
Day High
€9.59
Day Low
€9.59
52 Week High
09/9/14 - €10.89
52 Week Low
12/17/14 - €8.96
Market Cap
325.0M
Average Volume 10 Days
40.0
EPS TTM
--
Shares Outstanding
33.9M
EX-Date
12/11/14
P/E TM
--
Dividend
€1.24
Dividend Yield
8.22%
Current Stock Chart for THL CREDIT INC (27T)

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thl credit inc (27T) Details

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.

Founded in 2009

thl credit inc (27T) Top Compensated Officers

Co-Chief Executive Officer, Co-Chief Investme...
Total Annual Compensation: --
President and Member of Investment Committee
Total Annual Compensation: --
Chief Operating Officer, Chief Financial Offi...
Total Annual Compensation: --
Chief Compliance Officer, Chief Legal Officer...
Total Annual Compensation: --
Co-Head of Tradable Credit Platform
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

thl credit inc (27T) Key Developments

THL Credit, Inc. Appoints James Kern to Board of Directors

THL Credit, Inc. announced the appointment of James Kern to its Board of Directors. Mr. Kern currently serves as Managing Partner of Majestic Ventures 1 LLC.

THL Credit, Inc. Forms Joint Venture with Perspecta Trident LLC to Create THL Credit Logan JV LLC

THL Credit, Inc. announced that it has formed a joint venture with Perspecta Trident LLC to create THL Credit Logan JV LLC. This joint venture is expected to invest primarily in senior secured first lien loans to middle market companies and other corporate debt investments, consistent with THL Credit's origination and underwriting strategy. THL Credit and Perspecta have committed to initially provide $120 million and $30 million, respectively, of equity capital to Logan JV. In addition, Logan JV has agreed to terms with a third party to provide credit financing. Logan JV expects to begin funding the portfolio with new investments in December 2014.

THL Credit, Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014; the Company Declares Dividend, Payable on Dec. 31, 2014

THL Credit, Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company reported total investment income of $23,145,000, net investment income of $12,223,000 or $0.36 basic and diluted per share, net increase in net assets resulting from operations of $11,810,000 or $0.35 basic and diluted per share, compared to the total investment income of $19,064,000, net investment income of $11,602,000 or $0.34 basic and diluted per share, net increase in net assets resulting from operations of $7,757,000 or $0.23 basic and diluted per share, for the same quarter a year ago. For the year to date, the company reported total investment income of $67,788,000, net investment income of $35,813,000 or $1.06 basic and diluted per share, net increase in net assets resulting from operations of $32,075,000 or $0.95 basic and diluted per share, compared to the total investment income of $56,159,000, net investment income of $32,280,000 or $1.11 basic and diluted per share, net increase in net assets resulting from operations of $31,987,000 or $1.1 basic and diluted per share, for the same period a year ago. The company reported Net asset value per share of $13.29 as on Sept 30, 2014. The company announced that the increases in investment income from the respective periods were primarily due to the growth in the overall investment portfolio and related interest income offset by lower dividend income. On Nov. 4, 2014, the board of directors of THL Credit, Inc. declared a dividend of $0.34 per share payable on Dec. 31, 2014 to stockholders of record at the close of business on Dec. 15, 2014.

 

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