THL Credit, Inc., incorporated on May 26, 2009, is an externally managed, non-diversified closed-end management investment company. The Company's investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of lower middle market companies. The Company is a direct lender to lower middle-market companies and invests primarily in directly originated first lien senior secured loans, including unitranche investments. In certain instances, it also makes second lien secured loans and subordinated, or mezzanine, debt investments, which may include an associated equity component, such as warrants, preferred stock or similar securities, and direct equity investments. Its first lien senior secured loans may be structured as traditional first lien senior secured loans or as unitranche loans. The Company's investment activities are managed by THL Credit Advisors LLC.
The Company's subsidiaries include THL Credit Holdings, Inc., THL Credit AIM Media Holdings, Inc. and THL Credit YP Holdings, Inc. Its subsidiaries hold equity or equity-like investments in portfolio companies organized as limited liability companies or other forms of pass-through entities. The Company also has formed subsidiaries, which serve as the administrative agents on certain investment transactions, including THL Corporate Finance, Inc. and THL Corporate Finance, LLC. The Company's investment approach consists of four separate and distinct phases: sourcing, selecting, structuring and supervising investments. The security types in which the Company invests includes First Lien Senior Secured Loans, Second Lien Loans, Mezzanine Loans, Collateralized Loan Obligations (CLO) Residual Interests and THL Credit Logan JV LLC (Logan JV).
The Company invests in first lien or senior secured loans, and expects such loans to have terms of 3 to 7 years. To the extent the Company invests in senior secured loans, it obtains first lien security interests in the assets of these portfolio companies that serve as a collateral in support of the repayment of these loans. First lien secured loans may also include unitranche loan structures, which combine characteristics of traditional first lien senior secured and second lien and subordinated loans. It may obtain security interests in the assets of the portfolio company that serves as collateral in support of the repayment of these loans. The Company structures its second lien investments as secured loans. It obtains security interest in the assets of the portfolio company that serve as collateral in support of the repayment of such loans.
The Company structures its subordinated or mezzanine investments, primarily as unsecured, subordinated loans that provide for relatively high, fixed interest rates that will provide it with current interest income. Mezzanine loans typically have interest-only payments in the early years, with amortization of principal deferred to the later years and may include an associated equity component, such as warrants, preferred stock or other similar securities. It has invested in Logan JV, which as of December 31, 2016 consisted of a portfolio of loans to 91 different borrowers in industries similar to the companies in its portfolio. Logan JV invests primarily in debt securities that are secured by a first lien on some or all of the issuer's assets, including traditional senior debt and any related revolving or similar credit facility. As of December 31, 2016, it had investments in the CLO residual interests or subordinated notes.
100 Federal St Fl 31
The company trades on NGM exchange. The company headquarter is located in Waltham ,United States.| Ticker | TCRX |
| Long Name | TScan Therapeutics, Inc. |
| Short Name | TScan Therapeutics, Inc. |