August 09, 2016
Ex-Private Equity Manager turned Hedge Fund Manager
Loadmaster Derrick & Equipment: Restructuring Completed.
August 8, 2016: TCRD
- August 8, 2016 : From THL Credit (TCRD) earnings release for IIQ 2016.
- “On July 1, 2016, THL Credit restructured its investment in Loadmaster Derrick & Equipment, Inc . … it exchanged the cost basis of its senior secured loans totaling $14.7 million for a new senior secured first lien term loan of $7.0 million and an income producing debt-like preferred equity position, valued at $1.1 million.
- ..THL Credit recognized a $6.6 million loss on conversion to preferred equity. Additionally, it made a $1.5 million investment in a first lien senior secured term loan as part of the restructuring.”
- TCRD
- Source: THL Credit Reports Second Quarter 2016 Financial Results and Declares a Dividend of $0.34 Per Share
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