THL Credit Closes $508 Million Collateralized Loan Obligation
11 December 2018 - 8:30AM
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 2018-3, a $508 million collateralized loan
obligation ("CLO"), led by Citigroup. THL Credit and its affiliates
currently manage 21 CLOs totaling more than $12 billion in assets.
“With the completion of our third and final new
issue CLO of 2018, THL Credit has climbed the ranks to become one
of the top 15 US CLO managers1 with respect to total CLO assets
under management,” said Chris Flynn, CEO of THL Credit. “Our
steady, methodical pace of issuance reflects our long-term
commitment to the CLO space.”
“Institutional investors continue to make CLO
allocations in their portfolios with an emphasis on strong managers
like THL Credit,” said Michael A. Herzig, Managing Director of THL
Credit. “Citi is a perennial leader in CLO underwriting and they
certainly delivered market leading execution for us.”
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)
502-3530dallen@stantonprm.com
1Source: Based on the aggregate of current CLO deal balances for
all U.S. CLOs modeled by Intex Solutions, Inc. (“Intex”) as of
11/5/2018. CLOs included are from 2012-present.
THL Credit Senior Loan (NYSE:TSLF)
Historical Stock Chart
From Jun 2024 to Jul 2024
THL Credit Senior Loan (NYSE:TSLF)
Historical Stock Chart
From Jul 2023 to Jul 2024