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BOSTON, Nov. 19, 2013 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC (together with its affiliates, "THL Credit") today announced that it has closed on a $447 million collateralized loan obligation ("CLO") led by Deutsche Bank Securities Inc. THL Credit has now closed on $1.43 billion of CLOs since December 2012.
"We are delighted with the continued growth and performance of our business driven by the depth and experience of our team across our credit platform," said James K. Hunt, chief executive officer and chief investment officer of THL Credit. "Our senior loan strategies group is led by Brian Good and Jim Fellows with a highly experienced and regarded team in the CLO space, which has worked together for more than 20 years in high yield credit, and brings a proven track record to the business."
"We are pleased to have worked once again with Deutsche Bank," said Michael A. Herzig, Managing Director of THL Credit. "They have been an exceptional partner over the years, including in their work with us on two of our last three CLOs, and we look forward to working with them again in the future."
About THL Credit
With its business formed in 2007, THL Credit is a manager of high yielding credit in public and private vehicles. THL Credit and its credit-focused affiliates encompassing both direct lending and senior loan strategies, now has approximately $2.7 billion of assets under management as of September 30,2013, and additionally closed on a $447 million collateralized loan obligation in November 2013. Headquartered in Boston, THL Credit also has investment teams in Chicago, Houston, New York and Los Angeles.
Public vehicles managed by THL Credit include THL Credit, Inc. (Nasdaq:TCRD), an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. THL Credit, Inc.'s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. THL Credit is also the subadviser to THL Credit Senior Loan Fund (NYSE:TSLF), a non-diversified closed-end management investment company. THL Credit Senior Loan Fund's investment objective is to provide current income and preservation of capital primarily through investments in U.S. dollar denominated senior secured corporate loans and notes.
CONTACT: Investor Contact:
THL Credit Advisors LLC
Terrence W. Olson
COO & CFO
Sard Verbinnen & Co