BOSTON, Dec. 12, 2017 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC ("THL Credit" or the "Company"), a leading alternative credit manager overseeing more than $11 billion in assets, today announced that it has closed on a $612 million collateralized loan obligation ("CLO"), led by Morgan Stanley. THL Credit together with its affiliates has now closed fourteen 2.0 CLOs totaling $7.7 billion in issuance since December 2012.

"2017 has been another prolific year for our tradable credit team," said Chris Flynn, CEO of THL Credit. "With over $2.3 billion closed across four new CLOs this year, THL Credit continues to demonstrate its status as a leader in the CLO space."

"The CLO market has benefited from an increase in buying activity by large institutional investors and Morgan Stanley once again did an excellent job of syndicating this CLO to that audience," said Michael A. Herzig, Managing Director of THL Credit.  "This demand coupled with our track record has led to record annual CLO issuance at THL Credit, and we look forward to working with our partners again in 2018."

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) 829-3101 

Media Contact:Stanton Public Relations and MarketingDoug Allen(646) 502-3530

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