BOSTON, June 15, 2017 (GLOBE NEWSWIRE) -- THL Credit Advisors LLC announced that it has closed on a $511 million collateralized loan obligation, led by Bank of America Merrill Lynch. THL Credit has now closed twelve 2.0 CLOs totaling $6.5 billion in issuance since December 2012.

“Our CLO strategy continues to perform well and plays a critical role in our platform," said Sam Tillinghast, Co-CEO of THL Credit. "We’re very proud of the work Jim Fellows and Brian Good have accomplished leading our Tradable Credit business, which has contributed significantly in our recent growth to approximately $10 billion of assets.”

“The global search for yield continues to drive strong demand for CLOs across the capital stack from insurance companies, banks and other institutional investors,” said Michael A. Herzig, Managing Director of THL Credit. “BAML was an excellent partner in helping us meet some of this demand and we look forward to working with them again in the future.”

About THL Credit Advisors LLC

THL Credit (www.THLCredit.com) 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.