THL Credit, Inc. (Nasdaq: TCRD) is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. TCRD’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and, occasionally, equity securities of middle market companies. TCRD is a direct lender that invests in first and second lien loans, including through unitranche investments, as well as subordinated debt, which may include an associated equity component such as warrants, preferred stock or other similar securities. In certain instances, TCRD will also make direct equity investments and may also selectively invest in the residual interests, or equity, of collateralized loan obligations.
THL Credit, Inc.’s investment activities are managed by THL Credit Advisors LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended.