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THL Credit Participates in Refinancing of C&K Market

/ Source: GlobeNewswire

BOSTON, Nov. 4, 2010 (GLOBE NEWSWIRE) -- THL Credit, Inc. (Nasdaq:TCRD) ("THL Credit"), in partnership with Endeavour Structured Equity and Mezzanine Fund I, L.P. ("Endeavour SEAM"), recently participated in a refinancing of C&K Market, Inc. ("C&K" or the "Company").

Headquartered in Brookings, Oregon, C&K is a family owned company that has been serving communities since 1967. The Company owns and operates supermarkets and pharmacies primarily in rural communities in Oregon and Northern California under the banners Ray's Food Place, Shop Smart and C&K Market.

"The Company's longstanding track record of sound operating performance is impressive and its solid financial profile matches well with our disciplined investment approach. We look forward to supporting the Company's continued growth and are excited to partner with Endeavour SEAM in this transaction," said Kunal Soni, Managing Director of THL Credit Advisors LLC.

About THL Credit

THL Credit is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. THL Credit's investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. THL Credit invests primarily in private subordinated debt, or mezzanine debt, in middle market companies with annual revenues of between $25 million and $500 million that require capital for growth and acquisitions. Such investments in many cases include an associated equity component such as warrants, preferred stock or other similar securities. THL Credit's investment activities are managed by THL Credit Advisors LLC, an investment advisor registered under the Investment Advisers Act of 1940.

THL Credit – F

CONTACT: THL Credit, Inc. Investor Contact: Terrence W. Olson, COO & CFO (800) 450-4424 Sard Verbinnen & Co Media Contact: Michael Henson (212) 687-8080