Onex Credit Partners closes seventh CLO, manages over $5 bln

Onex Credit Partners LLC, the credit investing arm of Canadian private equity firm Onex Corp, has priced its seventh collateralized loan obligation (CLO), offering US$514 million of securities in a private placement transaction. Onex bought a majority of the equity in the deal. Upon the close of the offering, Onex Credit Partners will manage more than US$5 billion in senior secured loans and high yield bonds in a variety of strategies.

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