By Cristal Cody
Tupelo, Miss., May 24 – Onex Corp. announced on Thursday that affiliate Onex Credit Partners, LLC priced approximately $615 million of notes in its 15th collateralized loan obligation deal.
The OCP CLO 2018-15 Ltd./OCP CLO 2018-15 LLC transaction is backed by a diversified portfolio of broadly syndicated leveraged loans.
Additional pricing details were not immediately available.
Following the deal’s closure, Onex Credit Partners will manage more than $10 billion, according to the release.
The deal is Onex Credit Partners’ first CLO offering of the year. In 2017, Onex priced two new CLOs.
The private equity firm is based in Toronto.
| Issuer: | OCP CLO 2018-15 Ltd./OCP CLO 2018-15 LLC
|
| Amount: | $615 million
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| Structure: | Cash flow CLO
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| Manager: | Onex Credit Partners, LLC
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| Pricing date: | May 24
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