THL Credit Raises $612 Million Collateralized Loan Obligation
March 16 2017 - 4:05PM
THL Credit Advisors LLC ("THL Credit") today announced that it has
closed on a $612 million collateralized loan obligation ("CLO"),
led by Morgan Stanley. THL Credit has now closed eleven 2.0 CLOs
totaling $5.9 billion in issuance since December 2012.
"We continue to be delighted with the performance
of our CLO business," said Chris Flynn, Co-CEO of THL Credit. "Our
Tradable Credit strategy, led by Jim Fellows and Brian Good, is a
valuable part of our platform, and has helped grow our business to
over $9.1 billion of assets."
Michael A. Herzig, Managing Director of THL Credit
said, “This is our second deal in a row with Morgan Stanley, and
once again they were an excellent partner in this transaction. They
continue to provide differentiated structuring and syndication in
the CLO space. We look forward to working with them again in the
future.”
About THL Credit Advisors LLC
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 its 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.
Forward-Looking Statements
Statements made in this press release may
constitute forward-looking statements. Such statements reflect
various assumptions by the Company concerning anticipated results
and are not guarantees of future performance. The accuracy of such
statements involves known and unknown risks, uncertainties and
other factors that, in some ways, are beyond management’s control,
including the factors described from time to time in filings by the
Company with the Securities and Exchange Commission. The Company
undertakes no duty to update any forward-looking statements made
herein. All forward-looking statements speak only as of the date of
this press release.
Investor Contact:
THL Credit Advisors LLC
Michael A. Herzig
212-829-3101
Media Contact:
Sard Verbinnen & Co
Matthew Benson
212-687-8080
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