THL Credit Closes $611 Million Collateralized Loan Obligation
BOSTON, Sept. 20, 2018 (GLOBE NEWSWIRE) -- 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.
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) email@example.com
Media Contact:StantonDoug Allen(646) 502-3530 firstname.lastname@example.org