THL Senior Credit Strategies is in the market with its fifth collateralized loan obligation, according to a presale report by Standard & Poor’s.

The $416.2 million deal, THL Credit Wind River 2013-1 CLO, consists of:

A $277 million tranche with a preliminary ‘AAA’ rating offered at three-month Libor plus 115 basis points;

A $29.3 million, ‘AA’-rated tranche offered at Libor plus 190 basis points’

A $22 million, ‘AA’-rated tranche offered at 3.45%;

A $38.9 million, ‘A’-rated tranche offered at Libor plus 280 basis points;

A $25.2 million, ‘BBB’-rated tranche offered at Libor plus 240 basis points;

And a $23.8 million, ‘BB’-rated tranche offered at Libor plus 460 basis points.

There is also a $50.9 million unrated tranche of subordinated notes.

Citigroup Global Markets is the initial purchaser.

The deal is non-callable for two years and it has a four-year reinvestment period. It will invest at least 90% of assets in senior secured loans; up to 50% of collateral may consist of covenant-lite loans.

THL Senior Credit Strategies, the manager, has four other CLOs and manages total assets of $2.8 billion.

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