THL Credit Advisors Closes McDonnell Deal

THL Credit Advisors has closed the acquisition of Chicago-based McDonnell Investment Management’s alternative credit strategies group. Terms were not released. THL Credit Advisors is based in Boston.

PRESS RELEASE

THL Credit Advisors LLC (“THL Credit Advisors”), the external investment manager of publicly listed business development company THL Credit, Inc. (Nasdaq:TCRD), today announced that it has closed the acquisition of Chicago-based McDonnell

Investment Management, LLC’s Alternative Credit Strategies group (“ACS”). With continuing leadership from James R. Fellows, Brian W. Good, Robert J. Hickey and Michael A. Herzig, the ACS leadership team joins THL Credit Advisors’ capital markets investment business to lead THL Credit Senior Loan Strategies LLC (“THL Credit SLS”).

“We are excited to have this skilled, credit-focused team join the THL

Credit family,” said James K. Hunt, CEO and CIO of THL Credit Advisors.

“Our junior debt and senior loan strategies are broad, world-class

groups run by experienced teams in both direct lending of junior

capital to great, middle-market companies, as well as syndicated high

yield and bank loans. We are well-positioned for continued growth in

these two highly complementary markets.”

About THL Credit Advisors

THL Credit Advisors, the credit affiliate of Thomas H. Lee Partners L.P., is the external manager of THL Credit, Inc. and an SEC-registered investment adviser. Through its various THL Credit affiliates encompassing both junior debt and senior loan strategies, THL Credit Advisors manages approximately $2.8 billion of assets and is headquartered in Boston, with additional investment teams in Chicago,

Houston, New York and Los Angeles.

THL Credit, Inc. (Nasdaq:TCRD) 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, Inc.’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.