THL Credit, Inc. Announces Pricing of $30 million Stock Issuance and Issues Letter to Stockholders
THL CREDIT (TCRD)
Last thl credit earnings: 11/4 04:05 pm
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US:NASDAQ Investor Relations:
investor.thlcreditbdc.com/investor-relations
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Source: GlobeNewswire
BOSTON, April 20, 2020 (GLOBE NEWSWIRE) -- On April 20, 2020 THL Credit, Inc. (NASDAQ: TCRD) (the “Company") sent the following letter to its stockholders to provide notice of its $30 million stock issuance and a business and financial performance update. The full text of the letter follows: April 20, 2020 Dear Stockholders: On behalf of the First Eagle Alternative Credit (“FEAC”) team, we hope each of you are safe and healthy in these unprecedented times. Given the uncertainty and volatility in the market, we wanted to take this opportunity to provide an update on TCRD. As you may recall, in December we announced the entry into a definitive agreement with respect to the acquisition of the advisor of THL Credit, Inc. (“TCRD”) by First Eagle Investment Management (“FEIM”). With the support of our private investor base, we were able to quickly close the transaction the following month, in January 2020. At closing, we entered into an interim investment management contract to con
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