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Onex Credit Partners prices $400 million notes in new CLO transaction
Chicago, May 19 – Onex Credit Partners, LLC announced that it has priced a new $400 million collateralized loan obligation offering, its 18th dollar-denominated CLO.
The new transaction will be backed by a portfolio of broadly syndicated leveraged loans, according to a press release.
The CLO is expected to close on May 28.
Onex Credit Partners will manage the portfolio, led by Paul Travers.
This is the firm’s 21st CLO, including three European CLOs.
The firm last offered a dollar-denominated CLO in July 2019.
The private equity firm is based in Toronto.
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