DBRS Rates THL Credit’s $50 million Issuance of Sr. Notes Due Oct. 2023 at BBB (low), Trend Stable

DBRS, Inc. (DBRS) assigned a rating of BBB (low) to the $50 million 6.125% Notes due October 2023 (the Notes) issued by THL Credit, Inc. (THL Credit). The trend on the Notes is Stable. Net proceeds from the issuance of the Notes, together with other available funds, is expected to be used to repay certain indebtedness of THL Credit, including the redemption of its outstanding 6.75% Notes due 2021 and/or the repayment of a portion of the outstanding indebtedness under its revolving credit facility.

Notes:
All figures are in U.S. Dollars unless otherwise noted.

The applicable methodology is the Global Methodology for Rating Finance Companies (November 2017), which can be found on our website under Methodologies.

The primary sources of information used for this rating include company documents. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

For more information on this credit or on this industry, visit www.dbrs.com.