0001171520-14-000101.txt : 20140205 0001171520-14-000101.hdr.sgml : 20140205 20140205110645 ACCESSION NUMBER: 0001171520-14-000101 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140205 DATE AS OF CHANGE: 20140205 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: THL Credit, Inc. CENTRAL INDEX KEY: 0001464963 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85458 FILM NUMBER: 14574959 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET STREET 2: 31ST FLOOR CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: (800) 450-4424 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET STREET 2: 31ST FLOOR CITY: BOSTON STATE: MA ZIP: 02110 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOPERMAN LEON G CENTRAL INDEX KEY: 0000898382 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: 810 SEVENTH AVENUE, 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G/A 1 eps5481.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 4 )*

 

THL CREDIT, INC.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
872438106
(CUSIP Number)
 
December 31, 2013
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  [  ] Rule 13d-1(b)
     
  [ x ] Rule 13d-1(c)
     
  [  ] Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 

 

 
 
 

CUSIP No. 872438106   Page 2 of 5

 

 

1

 

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS
(ENTITIES ONLY) 

LEON G. COOPERMAN

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [ ]

(b) [ x ]

 

3

 

SEC USE ONLY

 

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States
NUMBER OF
SHARES
5 SOLE VOTING POWER 1,606,571
BENEFICIALLY
OWNED BY
6 SHARED VOTING POWER

404,599

 

 

EACH
REPORTING
7 SOLE DISPOSITIVE POWER 1,606,571
PERSON
WITH:
8 SHARED DISPOSITIVE POWER 404,599

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,011,170

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

 

[  ]

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 5.9%

 

12

 

TYPE OF REPORTING PERSON

 

IN
         

 

 
 
CUSIP No 872438106   Page 3 of 5

 

Item 1(a).   Name of Issuer:
     
    THL CREDIT, INC. (the “Company”)
     
Item 1(b).   Address of Issuer’s Principal Executive Offices:
     
    100 Federal Street, 31st Floor, Boston MA 02110             
     
Item 2(a).   Name of Person Filing:
     
   

This statement is filed on behalf of Leon G. Cooperman ("Mr. Cooperman"). Mr. Cooperman is, among other activities, an investor engaged in investing for his own account.

 

Mr. Cooperman is the Managing Member of Omega Associates, L.L.C. ("Associates"), a limited liability company organized under the laws of the State of Delaware. Associates is a private investment firm formed to invest in and act as general partner of investment partnerships or similar investment vehicles. Associates is the general partner of limited partnerships known as Omega Equity Investors, L.P.("Equity LP") organized under the laws of Delaware and Omega Charitable Partnership L.P. (”Charitable LP”), an exempted limited partnership registered in the Cayman Islands. These entities are private investment firms engaged in the purchase and sale of securities for investment for their own accounts.

 

Mr. Cooperman is the President, CEO, and majority stockholder of Omega Advisors, Inc. ("Advisors"), a Delaware corporation, engaged in investing for its own account and providing investment management services, and Mr. Cooperman is deemed to control said entity.

 

Advisors serve as a discretionary investment advisor to a limited number of institutional clients (the "Managed Accounts"). As to the Shares owned by the Managed Accounts, there would be shared power to dispose or to direct the disposition of such Shares because the owners of the Managed Accounts may be deemed beneficial owners of such Shares pursuant to Rule 13d-3 under the Act as a result of their right to terminate the discretionary account within a period of 60 days.

 

Mr. Cooperman is the ultimate controlling person of Associates, Equity LP, Charitable LP, Overseas, and Advisors.

 

Mr. Cooperman is married to an individual named Toby Cooperman. Mr. Cooperman has an adult son named Michael S. Cooperman. The Michael S. Cooperman WRA Trust (“WRA Trust”) is an irrevocable trust for the benefit of Michael S. Cooperman. Mr. Cooperman has discretionary investment authority over the Michael S. Cooperman and the WRA Trust accounts.

 

Mr. Cooperman is one of the Trustees of The Leon and Toby Cooperman Foundation (the “Foundation”), a charitable trust dated December 16, 1981. Mr. Cooperman is one of the Trustees of Family Fund for a Jewish Future (“Family Fund”), a Type 1 charitable supporting foundation.

     
Item 2(b).   Address of Principal Business Office or, if None, Residence:
     
    The principal business office of Mr.  Cooperman is 11431 W. Palmetto Park Road, Boca Raton FL 33428.
     
Item 2(c).   Citizenship:
     
    Mr. Cooperman is a United States citizen.

 

 
 

 

CUSIP No 872438106   Page 4 of 5

 

Item 2(d). Title of Class of Securities:
   
  Common Stock
   
Item 2(e). CUSIP Number:  
   
  872438106
   
Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c):
   
  This Item 3 is inapplicable.
   
Item 4. Ownership.
   
  (a) (b) Amount beneficially owned and Percent of Class:
     
   

Mr. Cooperman may be deemed the beneficial owner of 2,011,170 Shares, which constitutes approximately 5.9% of the total number of Shares outstanding. This is based on a total of 33,905,202 Shares outstanding reported on the Company's Form 10-Q filed with the SEC for the quarterly period ended September, 2013.

 

This consists of 353,572 Shares owned by Equity LP; 175,000 Shares owned by Charitable LP; 600,000 Shares owned by Mr. Cooperman; 150,000 Shares owned by Toby Cooperman; 100,000 Shares owned by the Foundation; 28,000 Shares owned by the Family Fund; 50,000Shares owned by Michael S. Cooperman; 150,000 Shares owned by the WRA Trust; and 404,599 Shares owned by Managed Accounts.

     
  (c) Number of shares as to which such person has:
     
    (i) Sole power to vote or to direct the vote
       
      1,606,571
       
    (ii) Shared power to vote or to direct the vote
       
      404,599
       
    (iii) Sole power to dispose or to direct the disposition of
       
      1,606,571
       
    (iv) Shared power to dispose or to direct the disposition of
       
      404,599

 

 
 

 

CUSIP No 872438106   Page 5 of 5

 

Item 5. Ownership of Five Percent or Less of a Class.
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [  ]
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   
  This Item 6 is not applicable.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
   
  This Item 7 is not applicable.
   
Item 8. Identification and Classification of Members of the Group.
   
  This Item 8 is not applicable.
   
Item 9. Notice of Dissolution of Group.
   
  This Item 9 is not applicable.
   
Item 10. Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

DATED: February 5, 2014 as of December 31, 2013

 

LEON G. COOPERMAN

 

By: /s/ ALAN M. STARK

Alan M. Stark

Attorney-in-Fact

Duly authorized under POA effective as of March 1, 2013 and filed on May 20, 2013.

 

* Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).