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BOSTON, June 15, 2017 -- THL Credit Advisors LLC ("THL Credit" or the “Company”) today announced that it has closed on a $511 million collateralized loan obligation ("CLO"), led by Bank of America Merrill Lynch (“BAML”). THL Credit has now closed twelve 2.0 CLOs totaling $6.5 billion in issuance since December 2012.
“Our CLO strategy continues to perform well and plays a critical role in our platform," said Sam Tillinghast, Co-CEO of THL Credit. "We’re very proud of the work Jim Fellows and Brian Good have accomplished leading our Tradable Credit business, which has contributed significantly in our recent growth to approximately $10 billion of assets.”
“The global search for yield continues to drive strong demand for CLOs across the capital stack from insurance companies, banks and other institutional investors,” said Michael A. Herzig, Managing Director of THL Credit. “BAML was an excellent partner in helping us meet some of this demand and we look forward to working with them again in the future.”
About THL Credit Advisors LLC
THL Credit (www.THLCredit.com) 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 212-829-3101 [email protected] Media Contact: Stanton Doug Allen (646) 502-3530 [email protected]
