THL Credit Raises $616 Million Collateralized Loan Obligation

BOSTON, July 9, 2015 (GLOBE NEWSWIRE) -- THL Credit Senior Loan Strategies LLC (together with its parent, THL Credit Advisors LLC, "THL Credit") today announced that it has closed on a $616 million collateralized loan obligation ("CLO"), led by Credit Suisse. THL Credit has now closed on seven new CLOs totaling $3.7 billion since December 2012.

"We are delighted with the continued growth and performance of our Tradable Credit platform," said Sam W. Tillinghast, co-chief executive officer and co-chief investment officer of THL Credit. "Our Tradable Credit platform, led by Brian Good and Jim Fellows, will now manage over $5.25 billion of assets through collateralized loan obligations, separately managed accounts, a public closed-end fund and co-mingled funds."

"We are pleased to have closed our first transaction with Credit Suisse. They have been an exceptional partner throughout this process and we look forward to working with them again in the future," said Michael A. Herzig, managing director of THL Credit.

About THL Credit

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 or sub-advisory relationships across its investment platform, including THL Credit, Inc. TCRD, a publicly traded business development company, and THL Credit Senior Loan Fund 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.