THL Credit Raises $612 Million Collateralized Loan Obligation
December 12 2017 - 4:05PM
THL Credit Advisors LLC ("THL Credit" or the “Company”), a leading
alternative credit manager overseeing more than $11 billion in
assets, today announced that it has closed on a $612 million
collateralized loan obligation ("CLO"), led by Morgan Stanley. THL
Credit together with its affiliates has now closed fourteen 2.0
CLOs totaling $7.7 billion in issuance since December 2012.
"2017 has been another prolific year for our
tradable credit team," said Chris Flynn, CEO of THL Credit. "With
over $2.3 billion closed across four new CLOs this year, THL Credit
continues to demonstrate its status as a leader in the CLO
space.”
“The CLO market has benefited from an increase
in buying activity by large institutional investors and Morgan
Stanley once again did an excellent job of syndicating this CLO to
that audience,” said Michael A. Herzig, Managing Director of THL
Credit. “This demand coupled with our track record has led to
record annual CLO issuance at THL Credit, and we look forward to
working with our partners again in 2018.”
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:Stanton Public Relations and
MarketingDoug Allen(646) 502-3530dallen@stantonprm.com
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