By Cristal Cody
Tupelo, Miss., June 8 – Onex Credit Partners, LLC priced about $396 million of notes in the new OCP CLO 2020-19 Ltd./OCP CLO 2020-19 LLC transaction, according to a market source and a news release.
The CLO has a one-year non-call period and a three-year reinvestment period.
The notes are backed primarily by broadly syndicated senior secured corporate loans.
The deal is Onex’s second CLO offering priced year to date.
The Toronto-based private equity firm priced one new issue dollar-denominated CLO in 2019.
| Issuer: | OCP CLO 2020-19 Ltd./OCP CLO 2020-19 LLC
|
| Amount: | $396 million
|
| Structure: | Cash flow CLO
|
| Manager: | Onex Credit Partners, LLC
|
| Call feature: | One year
|
| Pricing date: | June 3
|
| Settlement date: | June 25
|
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