OCP Senior Credit Fund
TSX : OSL.UN

December 09, 2010 08:50 ET

Onex Credit Partners Closes Over-Allotment Option for OCP Senior Credit Fund

TORONTO, ONTARIO--(Marketwire - Dec. 9, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Onex Credit Partners, LLC ("OCP") is pleased to announce that the syndicate of agents for the initial public offering of OCP Senior Credit Fund (the "Fund") (TSX:OSL.UN) has exercised its over-allotment option and acquired an additional 2.1 million units of the Fund. In total, the Fund issued 34.1 million units pursuant to its initial public offering, yielding gross proceeds of $341 million. The units are listed on the Toronto Stock Exchange under the symbol OSL.UN.

The syndicate of agents for the offering was co-led by CIBC World Markets Inc. and RBC Capital Markets, and included BMO Capital Markets, Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., Dundee Securities Corporation, GMP Securities L.P., Canaccord Adams, HSBC Securities (Canada) Inc., Macquarie Private Wealth Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Desjardins Securities Inc., Manulife Securities Incorporated and Mackie Research Capital Corporation (the "Agents").

This offering is only made by prospectus. The prospectus dated October 25, 2010 contains important detailed information about the securities being offered. Investors should obtain a prospectus from one of the Agents and read it carefully before making an investment decision. This investment may not be suitable for all investors. Commissions, trailing commissions, management fees and expenses all may be associated with this investment. An investment in the Fund is not guaranteed, its value changes frequently and past performance may not be repeated.

Certain statements included herein constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund. The forward-looking statements are not historical facts but reflect OCP's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although OCP believes that the assumptions inherent in the forward looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. OCP undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law.

Contact Information

  • Onex Credit Partners
    Jack Yang
    Managing Partner
    201.541.2121