THL Credit Raises $613 Million Collateralized Loan Obligation

9/14/17

BOSTON, Sept. 13, 2017 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC today announced that it has closed on a $613 million collateralized loan obligation, led by Morgan Stanley. THL Credit together with its affiliates has now closed thirteen 2.0 CLOs totaling $7.1 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. "2017 has been our strongest year in terms of issuance, and demonstrative of THL Credit’s deep expertise and relationships in this space."

“Today’s closing shows that THL Credit continues to be a leading CLO manager. It is our third deal with Morgan Stanley, and once again they were an excellent partner in this transaction,” said Michael A. Herzig, Managing Director of THL Credit. “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. 

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