BOSTON, March 16, 2017 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC today announced that it has closed on a $612 million collateralized loan obligation, led by Morgan Stanley. THL Credit has now closed eleven 2.0 CLOs totaling $5.9 billion in issuance since December 2012.

"We continue to be delighted with the performance of our CLO business," said Chris Flynn, Co-CEO of THL Credit. "Our Tradable Credit strategy, led by Jim Fellows and Brian Good, is a valuable part of our platform, and has helped grow our business to over $9.1 billion of assets."

Michael A. Herzig, Managing Director of THL Credit said, “This is our second deal in a row with Morgan Stanley, and once again they were an excellent partner in this transaction. They continue to provide differentiated structuring and syndication in the CLO space. We look forward to working with them again in the future.”

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.