THL Credit Raises $608 Million Collateralized Loan Obligation
June 22 2016 - 4:39PM
THL Credit Senior Loan Strategies LLC (together with its parent,
THL Credit Advisors LLC, "THL Credit") today announced that it has
closed on a $608 million collateralized loan obligation ("CLO"),
led by RBC Capital Markets LLC (“RBC”). THL Credit has now closed
on nine 2.0 CLOs totaling $4.7 billion in issuance since December
2012.
"We are delighted with the continued growth and
performance of our CLO business," said Robert Hickey, Managing
Director and Senior Portfolio Manager of THL Credit. "Our Tradable
Credit platform, led by Jim Fellows and Brian Good, will now manage
over $6.0 billion of assets following this closing through CLOs,
separate accounts, our public closed-end fund and co-mingled
funds."
"RBC did an excellent job on this transaction,
adding value throughout all phases of the deal. We look
forward to working with them again in the future,” said Michael A.
Herzig, Managing Director of THL Credit.
About THL Credit
THL Credit is an alternative credit investment
manager for both direct lending and broadly syndicated investments
through public and private vehicles, collateralized loan
obligations, separately managed accounts and co-mingled
funds. THL Credit maintains a variety of advisory and
sub-advisory relationships across their investment platforms,
including THL Credit, Inc. (Nasdaq:TCRD), a publicly traded
business development company, and THL Credit Senior Loan Fund
(NYSE:TSLF), a non-diversified, closed-end management investment
company.
Investor Contact:
THL Credit
Terrence W. Olson, COO & CFO
800-450-4424
Media Contact:
Sard Verbinnen & Co
Matt Benson
212-687-8080
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