THL Credit

THL Credit, Inc. is an externally managed, non-diversified closed-end management investment company. Its objective is to generate both current income and capital appreciation, through investments in privately negotiated debt and equity securities of lower middle market companies. The company was founded on May 26, 2009 and is headquartered in Boston, MA.

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THL Credit (FCRD) delivered earnings and revenue surprises of -16.67% and -7.57%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

THL Credit (FCRD) Q3 Earnings and Revenues Miss Estimates

THL Credit (FCRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate THL Credit (FCRD) to Report a Decline in Earnings: What to Look Out for

THL Credit (FCRD) delivered earnings and revenue surprises of -37.50% and -3.88%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

THL Credit (FCRD) Q2 Earnings and Revenues Miss Estimates

THL Credit (TCRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: THL Credit (TCRD) Q2 Earnings Expected to Decline

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 Company's 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.

THL Credit, Inc. Announces Name Change to First Eagle Alternative Capital BDC, Inc.

BOSTON, July  23, 2020  (GLOBE NEWSWIRE) -- THL Credit, Inc. (Nasdaq: TCRD) (the “Company”) today announced its final results from its modified “Dutch Auction” tender offer (the “Tender Offer”). The Company’s Tender Offer expired at 11:59 P.M., Eastern Time, on July 21, 2020. The Tender Offer was made pursuant to an Offer to Purchase dated June 23, 2020 and the related Letter of Transmittal, by which the Company offered to purchase up to $20.0 million of its common stock at a price per share not less than $3.25 and not greater than $3.75 in $0.05 increments, using available cash, which documents were filed with the Securities and Exchange Commission on June 23, 2020.

THL Credit, Inc. Announces Expiration and Final Results of Modified Dutch Auction Tender Offer to Repurchase up to $20.0 Million of its Common Stock

BOSTON, July  22, 2020  (GLOBE NEWSWIRE) -- THL Credit, Inc. (Nasdaq: TCRD) (the “Company”) today announced its preliminary results from its modified “Dutch Auction” tender offer (the “Tender Offer”). The Company’s Tender Offer expired at 11:59 P.M., Eastern time, on July 21, 2020. The Tender Offer was made pursuant to an Offer to Purchase dated June 23, 2020 and the related Letter of Transmittal, by which the Company offered to purchase up to $20.0 million of its common stock at a price per share not less than $3.25 and not greater than $3.75 in $0.05 increments, using available cash, which documents were filed with the Securities and Exchange Commission on June 23, 2020.

THL Credit, Inc. Announces Expiration and Preliminary Results of Modified Dutch Auction Tender Offer to Repurchase up to $20.0 Million of its Common Stock

THL Credit, Inc. (NASDAQ: TCRD) shares are trading higher after the company announced it will buy back $20 million of its common stock.

Why THL Credit's Stock Is Trading Higher Today

BOSTON, June  23, 2020  (GLOBE NEWSWIRE) --    THL Credit, Inc.  (Nasdaq: TCRD) (the “Company”) announced today that it will commence a modified “Dutch Auction” tender offer (the “Tender Offer”) to purchase up to $20.0 million of its common stock at a price per share not less than $3.25 and not greater than $3.75 in $0.05 increments, using available cash. The Tender Offer will commence on June 23, 2020 and will expire at 11:59 p.m. Eastern time, on July 21, 2020, unless extended.

THL Credit, Inc. Will Commence a Modified Dutch Auction Tender Offer to Repurchase up to $20.0 Million of its Common Stock

BOSTON, May  28, 2020  (GLOBE NEWSWIRE) --  THL Credit, Inc.,  (NASDAQ: TCRD) (the “Company”), a direct lender to middle market companies, today announced that its shareholders have approved entry into an investment management agreement between the Company and First Eagle Alternative Credit, LLC, formerly known as THL Credit Advisors LLC (the “Adviser”). The new investment management agreement replaces a prior interim agreement with the Adviser, and is effective immediately.

THL Credit, Inc. Stockholders Approve  New Investment Management Agreement

THL Credit (TCRD) CEO Chris Flynn on Q1 2020 Results - Earnings Call Transcript

THL Credit (TCRD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

THL Credit (TCRD) Expected to Beat Earnings Estimates: Should You Buy?

THL Credit (TCRD) CEO Chris Flynn on Q4 2019 Results - Earnings Call Transcript

THL Credit (TCRD) delivered earnings and revenue surprises of -23.81% and -15.73%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

THL Credit (TCRD) Lags Q4 Earnings and Revenue Estimates

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Earnings Preview: THL Credit (TCRD) Q4 Earnings Expected to Decline

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BOSTON, Feb.  06, 2020  (GLOBE NEWSWIRE) -- First Eagle Alternative Credit, LLC today announced the final closing of its fourth middle-market direct lending fund, THL Credit Direct Lending Fund IV (“Fund IV”), with $782 million of available investment capacity including leverage. First Eagle Alternative Credit is a leading alternative credit manager formed by the combination of THL Credit with the private credit operations of First Eagle Investment Management, LLC (“First Eagle”), which acquired THL Credit on January 31, 2020. The platform created approximately $1.5 billion of direct lending capacity in 2019, including more than $700 million raised across its two Lake Shore middle-market CLOs.

First Eagle Alternative Credit Closes Fourth Middle-Market Direct Lending Fund

6-Year Decline In NAV, NII And EPS Means Stay Away From THL Credit

Let's see if THL Credit, Inc. (TCRD) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Is THL Credit (TCRD) a Suitable Stock for Value Investors?

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THL Credit Completes $508 Million Collateralized Loan Obligation

THL Credit's (TCRD) CEO Chris Flynn on Q3 2019 Results - Earnings Call Transcript

THL Credit (TCRD) delivered earnings and revenue surprises of -4.35% and -5.30%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

News for THL Credit ETF (TCRD)