THL Credit Advisors markets $508.75 million notes in new Wind River 2018-3 CLO

By Cristal Cody

Tupelo, Miss., Oct. 17 – THL Credit Advisors LLC plans to price $508.75 million of notes due Jan. 20, 2031 in the THL Credit Wind River 2018-3 CLO Ltd./THL Credit Wind River 2018-3 LLC transaction, according to a market source.

The deal is expected to include $299.5 million of class A-1 floating-rate notes (AAA/AAA); $23 million of class A-2 floating-rate notes (/non-rated/AAA); $57.5 million of class B floating-rate notes (AA); $30 million of class C deferrable floating-rate notes (A); $30 million of class D deferrable floating-rate notes (BBB-); $18 million of class E deferrable floating-rate notes (BB-) and $50.75 million of subordinated notes.

Citigroup Global Markets Inc. is the placement agent.

The CLO will have a two-year non-call period and a five-year reinvestment period.

The deal is backed primarily by broadly syndicated first-lien senior secured corporate loans.

The offering is expected to close Dec. 5.

THL has priced two new CLOs and refinanced one vintage CLO year to date.

In 2017, THL Credit Advisors priced four new CLOs and refinanced six vintage CLOs.

The alternative credit investment firm is based in Boston.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.