THL Credit Advisors to price $511.5 million Wind River 2018-1 CLO

By Cristal Cody

Tupelo, Miss., June 15 – THL Credit Advisors LLC plans to price $511.5 million of notes due July 15, 2030 in the THL Credit Wind River 2018-1 CLO Ltd./THL Credit Wind River 2018-1 LLC transaction, according to a market source on Friday.

The deal is expected to include $298.75 million of class A-1 senior secured floating-rate notes (Aaa); $28.75 million of class A-2 senior secured floating-rate notes (Aaa); $52.5 million of class B senior secured floating-rate notes; $35 million of class C mezzanine secured deferrable floating-rate notes; $25 million of class D mezzanine secured deferrable floating-rate notes; $20 million of class E mezzanine secured deferrable floating-rate notes and $51.5 million of subordinated notes.

Morgan Stanley & Co. LLC 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 transaction is expected to close July 25.

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

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

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