THL Credit Advisors to price $510.5 million of notes in new THL Credit Wind River 2017-4 CLO

By Cristal Cody

Tupelo, Miss., Oct. 27 – THL Credit Advisors LLC plans to price $510.5 million of notes due November 2030 in the new THL Credit Wind River 2017-4 CLO Ltd./THL Credit Wind River 2017-4 LLC transaction, according to a market source.

The deal includes $3 million of class X senior secured floating-rate notes; $317.5 million of class A senior secured floating-rate notes; $57.5 million of class B senior secured floating-rate notes; $31.5 million of class C mezzanine secured deferrable floating-rate notes; $31 million of class D mezzanine secured deferrable floating-rate notes; $22.5 million of class E junior secured deferrable floating-rate notes and $47.5 million of subordinated notes.

Morgan Stanley & Co. LLC is the placement agent.

THL Credit Advisors will manage the CLO, which will have a two-year non-call period and a five-year reinvestment period.

Proceeds will be used to purchase a portfolio of about $600 million of mostly first-lien senior secured leveraged loans.

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

THL Credit Advisors has priced three new CLOs and refinanced five vintage CLOs year to date.

The Boston-based alternative credit investment firm priced two new CLOs and one refinanced CLO in 2016.

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