First Eagle Alternative Credit appointed Michelle Handy, a managing director and head of portfolio and underwriting for the firm’s direct lending platform, to its direct lending investment committee.
THL Credit will change its name to First Eagle Alternative Capital BDC in connection with the approval of a new advisory agreement between the company and First Eagle Alternative Credit, which was formerly known as THL Credit Advisors.
The shareholders of THL Credit, a direct lender to middle market companies, approved entry into an investment management agreement with First Eagle Alternative Credit, formerly known as THL Credit Advisors.
THL Credit, a direct lender to lower middle market companies, amended and extended its revolving credit facility with ING Capital as agent.
Kevin Burke, a former senior managing director at Antares Capital, will join THL Credit as senior advisor. Burke will work closely with THL Credit’s senior management advising on investments, capital markets and strategic matters.
Katherine Taylor joined THL Credit as a director in its New York office, where she will focus on business and product development.
THL Credit, a direct lender to middle market companies, announced an amendment of its existing term loan credit facility and an amendment and extension of its revolving credit facility led by ING Capital.
THL Credit increased its credit agreement by $85 million to an aggregate size of $410 million and extended the maturity. ING Capital arranged and led the expansion and extension.
THL Credit announced the closing of $85 million of commitments to its senior secured revolving loan and term loan credit facilities. ING Capital acted as lead arranger.
THL Credit closed an additional $50 million of commitments to its senior secured revolver and term loan facilities. As part of the closing, the ING Capital-led syndicated revolving portion was increased to $170 million.