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Last $12.38 USD
Change Today 0.00 / 0.00%
Volume 44.9K
TCRD On Other Exchanges
Symbol
Exchange
Frankfurt
As of 3:56 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

thl credit inc (TCRD) Snapshot

Open
$12.35
Previous Close
$12.38
Day High
$12.40
Day Low
$12.27
52 Week High
09/8/14 - $14.28
52 Week Low
01/16/15 - $10.71
Market Cap
416.0M
Average Volume 10 Days
160.2K
EPS TTM
$1.38
Shares Outstanding
33.6M
EX-Date
09/11/15
P/E TM
8.9x
Dividend
$1.36
Dividend Yield
11.00%
Current Stock Chart for THL CREDIT INC (TCRD)

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thl credit inc (TCRD) 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.

thl credit inc (TCRD) Top Compensated Officers

Co-Chief Executive Officer, Co-Chief Investme...
Total Annual Compensation: --
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 Legal Officer and General Counsel
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

thl credit inc (TCRD) Key Developments

THL Credit Amends Credit Facility

THL Credit, Inc. announced an amendment, extension and the reduction of pricing of its existing term loan credit facility and an amendment and extension of its revolving credit facility. The financing was led by ING Capital LLC. The Term Loan Facility's bullet maturity was extended from April 2019 to August 2021. The pricing on the Term Loan Facility was reduced to LIBOR (with no floor) plus 2.75% from LIBOR (with no floor) plus 3.25%. Additionally, the Revolving Facility's availability period was extended from May 2017 to August 2019, followed by a one-year amortization period with a final maturity in August 2020. The pricing on the Revolving Facility will remain the same at LIBOR (with no floor) plus 2.50%. Commitments under the Revolving Facility and Term Loan Facility remain at $303.5 million and $106.5 million, respectively. The Revolving Facility and Term Loan Facility each include an accordion feature permitting subsequent increases to either facility up to an aggregate maximum of $600 million of commitments.

THL Credit, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

THL Credit, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net investment income of $11,934,000 or $0.35 per basic and diluted share against $12,887,000 or $0.38 per basic and diluted share a year ago. Net increase in net assets resulting from operations was $14,059,000 or $0.42 per basic and diluted share against $9,283,000 or $0.27 per basic and diluted share a year ago. The increase in net assets resulting from operations was due primarily to changes in unrealized appreciation in the portfolio. The decrease in net investment income for the respective periods is primarily attributable to the increase in base management and incentive fees as well as borrowing expenses. As of June 30, 2015 NAV was $13.29 per share. For the six months, the company reported net investment income of $23,843,000 or $0.70 per basic and diluted share against $23,589,000 or $0.70 per basic and diluted share a year ago. Net increase in net assets resulting from operations was $29,620,000 or $0.87 per basic and diluted share against $20,264,000 or $0.68 per basic and diluted share a year ago.

THL Credit, Inc. to Report Q2, 2015 Results on Aug 06, 2015

THL Credit, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 06, 2015

 

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