BOSTON, Aug. 09, 2018 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC ("THL Credit" or the “Company”), a leading alternative credit manager, today announced that it has closed THL Credit Wind River 2018-1, a $511.5 million collateralized loan obligation ("CLO"), led by Morgan Stanley. THL Credit together with its affiliates now manages 22 CLOs totaling more than $12 billion in assets following their recent acquisition of the CLO management business of Kramer Van Kirk Credit Strategies LP and KVK Global Strategies LLC (collectively “KVK”).

“Our Tradable Credit team has been doing exemplary work growing our portfolio of CLOs," said Chris Flynn, CEO of THL Credit. "With this latest Wind River close and the CLOs we gained in the recent acquisition of KVK’s collateral management business earlier this summer, we have expanded our CLO assets under management by approximately $4 billion this year.”

“CLOs are in high demand this year among institutional investors because of their reliable risk adjusted return profile and favorable floating rate status,” said Michael A. Herzig, Managing Director of THL Credit. “As always, Morgan Stanley has done an excellent job syndicating this CLO to those investors, and 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.

Investor Contact:THL Credit Advisors LLC Michael A. Herzig (212) 829-3101mherzig@thlcredit.com

Media Contact:StantonDoug Allen(646) 502-3530 dallen@stantonprm.com