THL Credit, Inc. (NASDAQ:TCRD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On November27, 2017, THL Credit, Inc.(the “Company”) and THL Credit Advisors LLC (the “Advisor”) announced that effective November30, 2017 Sam W. Tillinghast will resign from his position as Co-Chief Executive Officer of both the Company and the Advisor. Mr.Tillinghast will also resign from his position as a Director of the Company on November30, 2017. Christopher J. Flynn, the Company’s Co-Chief Executive Officer will begin serving as the sole Chief Executive Officer of both the Company and the Advisor upon Mr.Tillinghast’s resignation. Mr.Tillinghast’s resignation was not a result of any disagreement with the Company.
| Item 5.02. | Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit Number |
Description |
| 99.1 | Press Release, dated November27, 2017 |
THL Credit, Inc. ExhibitEX-99.1 2 d477400dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Chris Flynn Named Sole CEO of THL Credit BOSTON November 27,…To view the full exhibit click here
About THL Credit, Inc. (NASDAQ:TCRD)
THL Credit, Inc. is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. The Company is a direct lender to middle-market companies and invests in first lien 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 similar securities. The Company also makes direct equity investments. The security types in which the Company invests includes First Lien Senior Secured Loans, Second Lien Loans, Mezzanine Loans, Collateralized Loan Obligations (CLO) Residual Interests and THL Credit Logan JV LLC (Logan JV). Its subsidiaries include THL Credit Holdings, Inc., THL Credit AIM Media Holdings, Inc. and THL Credit YP Holdings, Inc.