THL Credit: This 6.125% Baby Bond Has Begun Trading On The NYSE [Seeking Alpha]
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: Seeking Alpha
Summary Introduction In this article, we want to present a new Baby Bond issued by THL Credit, Inc. (NASDAQ: TCRD ). Our goal is purely to inform you about the product while refraining ourselves from an investment recommendation. Even though the product may not be of interest to us and our financial objectives, it definitely is worth taking a look at. The New Issue Before we submerge into our brief analysis, here is a link to the 497 Filing by THL Credit, Inc. - the prospectus. Source: SEC.gov For a total of 2M notes issued, the total gross proceeds to the company are $50M. You can find some relevant information about the new baby bond in the table below: Source: Author's spreadsheet THL Credit, Inc. 6.125% Notes due 2023 ( TCRW ) pay a fixed interest at a rate of 6.125%. The new issue has no Standard & Poor's rating, but is expected to be rated BBB by DBRS, Inc . TCRW is callable as of 10/30/2021 and is maturing on
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