×

THL Credit Raises $656 Million Collateralized Loan Obligation

BOSTON, Nov. 01, 2016 (GLOBE NEWSWIRE) -- THL Credit Senior Loan Strategies LLC (together with its parent, THL Credit Advisors LLC, "THL Credit") today announced that it has closed on a $656 million collateralized loan obligation ("CLO"), led by Morgan Stanley. THL Credit has now closed on ten 2.0 CLOs totaling $5.4 billion in issuance since December 2012.

"We are delighted with the continued growth and performance of our CLO business," said Robert Hickey, Managing Director and Senior Portfolio Manager of THL Credit. "Our Tradable Credit platform, led by Jim Fellows and Brian Good, will now manage approximately $7 billion of assets following this closing through CLOs, separate accounts, and commingled funds."

"Morgan Stanley was an excellent partner in this transaction, adding value throughout all phases of the deal. We look forward to working with them again on future CLOs,” said Michael A. Herzig, Managing Director of THL Credit.

About THL Credit

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 their 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.

Investor Contact: THL Credit Terrence W. Olson, COO & CFO 800-450-4424 Media Contact: Sard Verbinnen & Co Matt Benson 212-687-8080

Source: THL Credit, Inc.