Onex Credit Partners closes fourth CLO, manages over $3.3 bln

Onex Credit Partners LLC, the credit investing arm of Canadian buyout firm Onex Corp (TSX: OCX), has completed its fourth collateralized loan obligation (CLO) offering in a private placement transaction that raised US$514 million, including US$40 million from Onex. Onex Credit, which has done four CLO offerings since early 2012, now manages over US$3.3 billion in senior secured loans and high yield bonds in a variety of strategies.

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