BOSTON, April 18, 2013 (GLOBE NEWSWIRE) -- THL Credit Senior Loan Strategies LLC ("THL Credit SLS") today announced that it has closed on a $467 million collateralized loan obligation ("CLO") led by Citi. THL Credit SLS is a subsidiary of THL Credit Advisors LLC ("THL Credit Advisors"), which is the external investment manager of publicly-listed business development company THL Credit, Inc. (Nasdaq:TCRD).
"We are delighted with the continued growth of our business and the synergies being realized across our credit platform," said James K. Hunt, CEO and CIO of THL Credit Advisors. "The complementary nature of THL Credit SLS's senior loan strategies with THL Credit's middle market direct lending group has allowed us to leverage our industry knowledge, experience and resources across a more scaled and integrated credit platform."
"We are pleased that Citi recognizes the strength of our CLO capabilities and track record," said Michael A. Herzig, Managing Director of THL Credit SLS. "They have been an exceptional partner throughout this process and we look forward to working with them again in the future."THL Credit SLS previously closed a $514 million CLO in December 2012. THL Credit SLS was formed following THL Credit Advisors' acquisition of McDonnell Investment Management, LLC's Alternative Credit Strategies Group in June 2012. The highly experienced THL Credit SLS management team, led by James R. Fellows, Brian W. Good, Robert J. Hickey and Michael A. Herzig, has worked together for more than 20 years. About THL Credit Advisors THL Credit Advisors, the credit affiliate of Thomas H. Lee Partners L.P., is the external manager of THL Credit, Inc. and an SEC-registered investment adviser. Through its various THL Credit affiliates encompassing both direct lending and senior loan strategies, THL Credit Advisors now manages approximately $3.5 billion of assets and is headquartered in Boston, with additional investment teams in Chicago, Houston, New York and Los Angeles.