Chris Flynn Named Sole CEO of THL Credit
November 27 2017 - 4:05PM
THL Credit, Inc. (NASDAQ:TCRD) and its external manager, THL Credit
Advisors LLC (collectively "THL Credit"), today announced that
Christopher J. Flynn, who currently serves as Co-Chief Executive
Officer, has been named CEO of both TCRD and THL Credit effective
November 30, 2017. Sam W. Tillinghast will resign as Co-CEO of THL
Credit effective on this date.
The current management team of THL Credit, which
has deep credit, origination, and operational experience across the
platform, will continue to manage the businesses under Flynn’s
leadership. “It is an honor to continue to lead our organization
alongside our executive team,” said Flynn.
The experienced THL Credit leadership team
includes James Fellows, Chief Investment Officer, who manages
credit in concert with Senior Managing Director Brian Good,
Terrence Olson, Chief Operating Officer and Chief Financial
Officer, and Sabrina Rusnak-Carlson, General Counsel.
“As a premier alternative credit asset manager,
our team will continue to work collaboratively to expand our
product offerings as we drive performance across the platform,”
Flynn added. “We are grateful to Sam for his partnership and
contributions, and wish him the best in his future endeavors.”
THL Credit currently has approximately $11
billion of assets under management and has offices in Boston,
Chicago, Dallas, New York and Los Angeles.
About THL Credit, Inc.
THL Credit, Inc. (NASDAQ:TCRD) 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
company's 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 lower 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 investment
teams in Chicago, Dallas, Los Angeles and New York. The company's
investment activities are managed by THL Credit Advisors LLC, an
investment adviser registered under the Investment Advisers Act of
1940. For more information, please visit www.THLCreditBDC.com.
About THL Credit Advisors LLC
THL 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. THL Credit maintains a variety of advisory and
sub-advisory relationships across its investment platforms,
including THL Credit, Inc. (NASDAQ:TCRD), a publicly traded
business development company, and THL Credit Senior Loan Fund
(NYSE:TSLF), a non-diversified, closed-end management investment
company. For more information, please visit
www.THLCredit.com.
Forward-Looking Statements
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 management's 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.
Investor Contact:THL Credit, Inc. Lauren
Vieira617-790-6070
Media Contact:Stanton Public Relations and
Marketing, LLCDoug Allen212-366-5300
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