Exhibit 99.1




THL Credit Reports First Quarter 2018 Financial Results and Declares a Dividend of $0.27 Per Share

BOSTON – May 2, 2018 – THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit” or the “Company”), a direct lender to lower middle market companies, today announced financial results for its first fiscal quarter ended March 31, 2018. Additionally, THL Credit announced that its Board of Directors has declared a second fiscal quarter 2018 dividend of $0.27 per share payable on June 29, 2018, to stockholders of record as of June 15, 2018.

“We are focused on our stated strategy to invest in first lien loans of sponsor-backed companies and increase diversity across the portfolio, to monetize non-income producing equity securities, and to grow the Logan joint venture,” said Chris Flynn, CEO of THL Credit. “We have continued to support our dividend over the course of this on-going transition and benefit from the strong support of our Advisor.”



($ in millions, except per share amounts)    As of March 31,

Portfolio results


Total assets

   $ 624.4    

Investment portfolio, at fair value

   $ 599.9    

Net assets

   $ 341.1    

Net asset value per share

   $ 10.44    

Weighted average yield on investments

     Quarter ended
March 31, 2018
    Quarter ended
March 31, 2017

Portfolio activity


Total portfolio investments made, at par

   $ 11.8     $ 39.3  

Total portfolio investments made, at cost

   $ 11.8     $ 38.7  

Number of new portfolio investments

     —         2  

Number of portfolio investments at end of period

     45       47  

Operating results


Total investment income

   $ 16.7     $ 19.8  

Net investment income

   $ 8.8     $ 9.7  

Net increase in net assets from operations

   $ 6.3     $ 5.3  

Net investment income per share

   $ 0.27     $ 0.29  

Dividends declared per share

   $ 0.27     $ 0.27  



The following information was filed by Thl Credit, Inc. (TCRD) on Wednesday, May 2, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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