THL Credit Announces Formation of Investment Joint Venture with Perspecta Trust

BOSTON (December 3, 2014) – THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit”), today announced that it has formed a joint venture with Perspecta Trident LLC (“Perspecta”), an affiliate of Perspecta Trust LLC (“Perspecta Trust”) to create THL Credit Logan JV LLC (“Logan JV”). This joint venture is expected to invest primarily in senior secured first lien loans to middle market companies and other corporate debt investments, consistent with THL Credit’s origination and underwriting strategy. THL Credit and Perspecta have committed to initially provide $120 million and $30 million, respectively, of equity capital to Logan JV. In addition, Logan JV has agreed to terms with a third party to provide credit financing. Logan JV expects to begin funding the portfolio with new investments in December 2014. “We are pleased to partner…

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