THL Credit Closes Two Collateralized Loan Obligations for $1.1 Billion

BOSTON, May 15, 2019 /PRNewswire/ -- THL Credit Advisors LLC ("THL Credit" or the "Company"), a leading alternative credit manager, today announced the close of two broadly syndicated collateralized loan obligations ("CLOs").  THL Credit Wind River 2019-1, a $505 million CLO led by Natixis, closed last month on April 17, and THL Credit Wind River 2019-3, a $611 million CLO led by BNP Paribas closed on May 15. These two Wind River CLOs compliment the $411 million close of THL Credit's first middle market Lake Shore CLO, which was previously announced on April 23.

"THL Credit has demonstrated its commitment to CLOs by issuing over $1.5 billion dollars in the first half of this year," said Chris Flynn, CEO of THL Credit. "Our firm currently manages 24 CLOs totaling approximately $13 billion in assets. We believe our team's continued success is indicative of our performance and relationships in this space."

"Our ability to issue both broadly syndicated and middle market-focused CLOs offers institutional investors a range of exposure as they continue to allocate to the CLO space," said Michael A. Herzig, Managing Director of THL Credit. "The investment team led by Jim Fellows, Bob Hickey, Brian Good, Brian Murphy and Steve Krull has done an excellent job with the portfolios and warehouses, and we look forward to remaining active in the second half of the year."

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. 

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.

SOURCE THL Credit Advisors LLC