THL Credit Raises $608 Million Collateralized Loan Obligation

BOSTON, June 22, 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 $608 million collateralized loan obligation ("CLO"), led by RBC Capital Markets LLC (“RBC”). THL Credit has now closed on nine 2.0 CLOs totaling $4.7 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 over $6.0 billion of assets following this closing through CLOs, separate accounts, our public closed-end fund and co-mingled funds."

"RBC did an excellent job on this transaction, adding value throughout all phases of the deal.  We look forward to working with them again in the future,” 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

You May Also Be Interested In

• SHINE Joins GE Vernova-Led ARPA-E Project to Modernize Nuclear Material Accountability in Fuel Recycling
• NUTEX HEALTH OPENS WEST LITTLE ROCK EMERGENCY HOSPITAL IN ARKANSAS
• SHINE to Support Argonne National Lab and Case Western Reserve University on High-Throughput Separation Technology to Advance Nuclear Fuel Recycling