BOSTON, Aug. 25, 2014 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC (together with its affiliates, "THL Credit") today announced that it has closed on a $643 million collateralized loan obligation ("CLO"), its largest CLO to date, led by GreensLedge Securities. THL Credit has now closed on five new CLOs totaling $2.6 billion since December 2012.
"We are delighted with the continued growth and performance of our Tradable Credit platform since adding this team in the summer of 2012," said Sam W. Tillinghast, co-chief executive officer and co-chief investment officer of THL Credit. "Our Tradable Credit platform is led by Brian Good and Jim Fellows with a highly experienced and regarded team that 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 closed our first transaction with GreensLedge and are excited to have received investor demand to upsize the transaction to $643 million from the original $570 million planned launch," said Michael A. Herzig, managing director of THL Credit. "GreensLedge has been a terrific partner and we look forward to working with them again in the future."
About THL Credit
THL Credit Advisors LLC is an investment manager for both direct lending and broadly syndicated high yielding investments 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 Advisors LLC also has investment teams in Chicago, Houston, Los Angeles and New York.