SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 24, 2020 (July 23, 2020)
THL Credit, Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
of incorporation or organization)
500 Boylston Street, Suite 1250
Boston, MA 02116
(Address of principal executive offices)
Registrants telephone number, including area code (800) 450-4424
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to 12(b) of the Act:
Title of Each Class
Name of Each Exchange
on Which Registered
|Common Stock, par value $0.001 per share||TCRD||NASDAQ Global Select Market|
|6.75% Senior Notes due 2022||TCRZ||The New York Stock Exchange|
|6.125% Senior Notes due 2023||TCRW||The New York Stock Exchange|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|Item 8.01|| |
On July 23, 2020, THL Credit, Inc. (the Company) issued a press release entitled THL Credit, Inc. Announces Name Change to First Eagle Alternative Capital BDC, Inc. A copy of such Press Release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 8.01 by reference.
|Item 9.01|| |
Financial Statements and Exhibits.
|99.1||Press Release, dated July 23, 2020|
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
|THL CREDIT, INC.|
|Date: July 23, 2020||By:||/s/ Terrence W. Olson|
|Name:||Terrence W. Olson|
|Title:||Chief Financial Officer, Chief Operating Officer & Treasurer|
THL Credit, Inc. Announces Name Change to First Eagle Alternative Capital BDC, Inc.
BOSTON, July 23, 2020 (GLOBE NEWSWIRE) THL Credit, Inc. (the Company) (NASDAQ: TCRD), announced today that it is changing its name, ticker, CUSIP and website in connection with the approval of a new advisory agreement (the New Advisory Agreement) between the Company and First Eagle Alternative Credit, LLC (formerly known as THL Credit Advisors LLC) (the Adviser) at the Companys Special Meeting of Shareholders held on May 28, 2020. The approval of the New Advisory Agreement followed the transaction between the Adviser and First Eagle Investment Management, LLC (FEIM) that was consummated in the first quarter of 2020, whereby the Adviser became a wholly owned subsidiary of FEIM.
Specifically, the Company is taking the following actions:
changing its name to First Eagle Alternative Capital BDC, Inc., effective August 3, 2020;
updating its ticker symbol with NASDAQ from TCRD to FCRD, effective August 3, 2020;
changing its CUSIP to 26943B100 effective immediately;
changing its website from www.thlcreditbdc.com to www.feacbdc.com, effective August 3, 2020;
rebranding the Companys subsidiaries from THL Credit to First Eagle which includes changing THL Credit Logan JV LLC to First Eagle Logan JV, LLC, effective August 3, 2020;
changing the ticker symbol with the New York Stock Exchange on its 6.75% notes due in 2022 (2022 Notes) from TCRZ to FCRZ, effective August 3, 2020;
changing the CUSIP on its 2022 Notes to 26943BAB6 effective immediately;
changing the ticker symbol with the New York Stock Exchange on its 6.125% notes due in 2023 (2023 Notes) from TCRW to FCRW, effective August 3, 2020; and
changing the CUSIP on its 2023 Notes to 26943BAA8 effective immediately.
About First Eagle Alternative Capital BDC, Inc.
First Eagle Alternative Capital BDC, Inc. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Companys investment objective is to generate both current income and capital appreciation, primarily through directly originated first lien secured loans, including unitranche investments. In certain instances, the Company also makes second lien, subordinated, or mezzanine debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments. The Company targets investments primarily in middle market companies with annual EBITDA generally between $5 million and $25 million that require capital for growth and acquisitions. The Company is headquartered in Boston, with additional offices in Chicago, Dallas, Los Angeles and New York. The Companys investment activities are managed by First Eagle Alternative Credit, LLC, an investment adviser registered under the Investment Advisers Act of 1940. First Eagle Alternative Credit, LLC is a leading alternative credit manager formed by the combination of THL Credit Advisors LLC with the private credit operations of First Eagle Investment Management, LLC, which acquired THL Credit Advisors LLC on January 31, 2020. For more information on First Eagle Alternative Credit, LLC, please visit www.feac.com.
About First Eagle Alternative Credit, LLC
First Eagle Alternative Credit is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. First Eagle Alternative Credit maintains a variety of advisory and sub-advisory relationships across its investment platforms. First Eagle Alternative Credit is a wholly owned subsidiary of First Eagle Investment Management, LLC.
Statements made in this press release may constitute forward-looking statements. Such statements reflect various assumptions by the Company concerning anticipated results and are not guarantees of future performance. The accuracy of such statements involves known and unknown risks, uncertainties and other factors that, in some ways, are beyond managements control, including the factors described from time to time in filings by the Company with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.