THL Credit Completes $508 Million Collateralized Loan Obligation
November 14 2019 - 4:44PM
THL Credit Advisors LLC (“THL Credit”), a leading alternative
credit manager with approximately $17 billion of AUM, today
announced the close of a broadly syndicated collateralized loan
obligation (“CLO”) THL Credit Wind River 2019-2, a $508 million CLO
led by Morgan Stanley that closed on November 5, 2019.
With the completion of this deal, THL Credit and
its affiliates now manage 25 CLOs totaling approximately $13
billion in assets. In 2019, THL Credit closed over $2.2 billion in
broadly syndicated and middle market CLOs.
“In 2019, we issued three broadly syndicated
CLOs and two middle market CLOs, which seek to provide a higher
degree of flexibility and appealing return spectrum,” said Michael
A. Herzig, Managing Director of THL Credit. “As we head into 2020,
we remain committed to the CLO space to be a consistent provider of
capital to sponsors and borrowers.”
“CLOs remain an integral part of our business
strategy, and Wind River 2019-2 demonstrates the resiliency of the
product,” said Chris Flynn, CEO of THL Credit. “We appreciate our
investors to whom we remain focused on delivering the most
attractive risk adjusted returns in the market today.”
About THL Credit Advisors
LLCTHL 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.
Forward-Looking
StatementsStatements 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 LLCMichael A. Herzig(212)
829-3101mherzig@thlcredit.com
Media ContactStantonEmily M.
Meringolo(646)-502-3959emeringolo@stantonprm.com
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