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THL Credit Closes Investment in Country Pure Foods

^{Published on 2010-08-13 12:40:52 - Market Wire}
 

BOSTON--([ BUSINESS WIRE ])--THL Credit, Inc. (NASDAQ: TCRD) ("THL Credit") today announced its participation in the acquisition of Country Pure Foods, LLC (aCountry Purea) led by Mistral Equity Partners. THL Credit provided mezzanine financing for the transaction. Country Pure, headquartered in Akron, OH, is a leading independent producer and distributor of premium quality juices in the United States.

"Take a fresh look at the juice industry"

aWe are impressed with Country Purea™s strong national footprint and its ability to provide customers with wholesome products. We are excited to partner with Mistral in this transaction and look forward to supporting the companya™s continued growth,a said Chris Flynn, Managing Director at THL Credit Advisors LLC.

Country Pure currently offers over 350 unique products, across 24 packaging types and 38 distinct flavors. The companya™s diverse product offering is supported by three flexible and efficient manufacturing facilities, located in Ohio, Florida and Connecticut.

aCountry Pure is ideally suited to THL Credita™s investment criteria and fits well into our portfolio of middle market companies with a record of solid performance,a commented Howard Wu, Vice President of THL Credit Advisors LLC. aWe believe the company, with its experienced management team and attractive end markets, is uniquely positioned to capitalize on stable juice industry trends.a

About THL Credit

THL Credit is an externally-managed, non-diversified closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. THL Credita™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 Credita™s investment activities are managed by THL Credit Advisors LLC, an investment adviser registered under the Investment Advisers Act of 1940.

About Country Pure Foods, LLC

Country Pure Foods makes individually packaged fresh fruit drinks, juices, and nectars. Today, it is one of the nationa™s largest independent processors of juice products for grocery and convenience stores, foodservice and contract manufacturing segments. Multiple plant locations allow Country Pure Foods to efficiently service its nationwide customer base with a broad line of product packaging alternatives for its own branded, as well as its private label and contract manufacturing customers. The companya™s tagline is: aTake a fresh look at the juice industrya and its website can be found at [ www.juice4u.com ]. You can also find Country Pure Foods at twitter.com/countrypure and facebook.com under Country Pure Foods.

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