This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

THL Credit Advisors Raises $620 Million Collateralized Loan Obligation

BOSTON, May 2, 2014 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC (together with its affiliates, "THL Credit") today announced that it has closed on a $620 million collateralized loan obligation ("CLO"), its largest CLO to date, led by Deutsche Bank Securities Inc. THL Credit has now closed on over $2.0 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 traded credit, 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 and are excited to have received sufficient investor demand to upsize the transaction to $620 million from the original $400 million planned launch," said Michael A. Herzig, Managing Director of THL Credit. "Deutsche Bank has been an exceptional partner over the years, including in its work with us on three recent CLOs, and we look forward to working with them again in the future."

About THL Credit

THL Credit is an investment manager for both direct lending and traded credit through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. THL Credit maintains a variety of advisory or sub-advisory relationships across its investment platform, 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. Headquartered in Boston, THL Credit also has investment teams in Chicago, Houston, Los Angeles and New York.

CONTACT: Investor Contact:
         THL Credit Advisors LLC
         Terrence W. Olson
         COO & CFO
         800-450-4424
         
         Media Contact:
         Sard Verbinnen & Co
         Matt Benson
         212-687-8080

THL Credit logo

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs