Onex Credit Partners prices 15th CLO at $615 mln

Onex Credit Partners LLC, the credit investment arm of Canadian private equity firm Onex Corp, has priced its 15th collateralized loan obligation (CLO) offering at about US$615 million. The transaction will be issued by a special purpose vehicle, backed by a diversified portfolio of broadly syndicated leveraged loans. With the offering's close, Onex Credit Partners will oversee more than US$10 billion. Last November, Toronto-based Onex wrapped up its fifth flagship fund, Onex Partners V, raising US$7.15 billion.

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