THL Credit, Inc. (TCRD) Misses Q1 EPS by 1c

THL Credit, Inc. (NASDAQ: TCRD) reported Q1 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Investment Income for the quarter came in at $20.9 million versus the consensus estimate of $21.26 million.

"We are pleased with the investment opportunities originated by our five offices, resulting in $128 million of new capital deployed across seven new and five follow-on investments during the quarter," said James K. Hunt, chief executive officer of THL Credit. "We continue to see the most attractive risk-adjusted returns in the current market at the higher end of the capital structure. Consistent with our sourcing strategy, 88 percent of THL Credit's investments this quarter were directly originated from relationships with private equity firms, financial advisors, banks and other lending partners. The recently announced expansion of our credit facility commitments, by $85 million, to $410 million at a lower cost and extended tenor will provide us with the liquidity to acquit our growth while enhancing the returns to our shareholders."

For earnings history and earnings-related data on THL Credit, Inc. (TCRD) click here.

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