THL Credit Closes $611 Million Collateralized Loan Obligation
September 20 2018 - 4:07PM
THL Credit Advisors LLC ("THL Credit" or the “Company”), a leading
alternative credit manager, today announced that it has closed on
THL Credit Wind River 2018-2, a $611 million collateralized loan
obligation ("CLO"), led by Wells Fargo. THL Credit and its
affiliates currently manage 23 CLOs that total more than $12
billion in assets.
“With the completion of this year’s second Wind
River CLO, we have closed on over a billion dollars of tradable
credit assets in the past 60 days,” said Chris Flynn, CEO of THL
Credit. “These deals continue to demonstrate our strong position as
a leader in the CLO space.”
“Institutional investors are increasingly
recognizing the advantages of making CLO allocations in their
portfolios,” said Michael A. Herzig, Managing Director of THL
Credit. “We’re seeing very strong demand for these assets,
and Wells Fargo did exemplary work syndicating this CLO to a broad
array of investors.”
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) 829-3101mherzig@thlcredit.com
Media Contact:StantonDoug Allen(646)
502-3530dallen@stantonprm.com
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