BOSTON, March 16, 2017 (GLOBE NEWSWIRE) -- 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.