THL Credit, Inc. (TCRD) News
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Latest TCRD News From Around the Web
Below are the latest news stories about THL Credit Inc that investors may wish to consider to help them evaluate TCRD as an investment opportunity.
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 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. Specifically, the Company is taking the following actions: * ch... |
THL Credit, Inc. Announces Expiration and Final Results of Modified Dutch Auction Tender Offer to Repurchase up to $20.0 Million of its Common StockBOSTON, 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. In accordance with the Company’s previously announced Tender Offer, and based on the final count by American Stock Transfe... |
THL Credit, Inc. Announces Expiration and Preliminary Results of Modified Dutch Auction Tender Offer to Repurchase up to $20.0 Million of its Common StockBOSTON, 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. In accordance with the Company’s previously announced Tender Offer, the Company expects to repurchase approximately ... |
THL Credit, Inc. Schedules Second Quarter 2020 Earnings Release and Conference CallBOSTON, July 07, 2020 -- THL Credit, Inc. (NASDAQ: TCRD) (the “Company"), announced today that it will report its financial results for the second fiscal quarter ended June 30,. |
Why THL Credit's Stock Is Trading Higher TodayTHL Credit, Inc. (NASDAQ: TCRD) shares are trading higher after the company announced it will buy back $20 million of its common stock. THL Credit is an … |
THL Credit plans to buy back $20M of shares in Dutch AuctionTHL Credit (TCRD) plans to start a modified "Dutch Auction" tender offer to buy up to $20M of its common stock within a range of $3.25-$3.75 per share.As it previously announced, TCRD completed a $30.0M stock issuance at the company's net asset value per share as of April 15, 2020... |
THL Credit, Inc. Will Commence a Modified Dutch Auction Tender Offer to Repurchase up to $20.0 Million of its Common StockTHL Credit, Inc. (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. As previously announced, on April 21, 2020 THL Credit, Inc. completed a $30.0 million stock issuance at the Company’s net asset value per share as of April 15, 2020, and $20.0 million of the proceeds from this stock issuance will be used to conduct the Tender Offer. |
Hedge Funds Are Selling THL Credit, Inc. (TCRD)Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […] |
THL Credit, Inc. Stockholders Approve New Investment Management AgreementBOSTON, May 28, 2020 -- THL Credit, Inc., (NASDAQ: TCRD) (the “Company”), a direct lender to middle market companies, today announced that its shareholders have approved entry. |
Edited Transcript of TCRD earnings conference call or presentation 8-May-20 1:30pm GMTQ1 2020 THL Credit Inc Earnings Call |