OCP Credit Strategy Fund
TSX : OCS.UN

OCP Credit Strategy Fund

December 03, 2009 09:00 ET

Onex Credit Partners Closes Over-Allotment Option for the OCP Credit Strategy Fund

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2009) -

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

Onex Credit Partners, LLC is pleased to announce that the syndicate of agents for the initial public offering of OCP Credit Strategy Fund (the "Fund") (TSX:OCS.UN) has exercised its over-allotment option and acquired an additional 780,000 units of the Fund. In total, the Fund issued 20,780,000 units pursuant to its initial public offering at $10 per unit, for gross proceeds of $207,800,000. The units are listed on the Toronto Stock Exchange under the symbol OCS.UN.

The syndicate of agents for this offering was co-led by RBC Capital Markets and CIBC World Markets Inc., and included BMO Capital Markets, Scotia Capital Inc., Dundee Securities Corporation, GMP Securities L.P., Canaccord Adams, HSBC Securities (Canada) Inc., Blackmont Capital Inc., Desjardins Securities Inc., Manulife Securities Incorporated, Raymond James Ltd., Research Capital Corporation and Wellington West Capital Markets Inc.

All amounts in Canadian dollars unless otherwise stated. Certain statements included in this news release 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 Onex Credit Partners, LLC'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 Onex Credit Partners, LLC 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. Onex Credit Partners, LLC 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 such factors which affect this information, except as required by law.

All capital terms used but not otherwise defined have the meanings assigned to such terms in the prospectus.

Contact Information

  • OCP Credit Strategy Fund
    Toronto: 647.260.4055; Toll Free: 1.877.260.4055
    www.ocpcreditstrategy.ca
    or
    Onex Credit Partners, LLC
    Stuart Kovensky, Co-Chief Investment Officer
    201.541.2121
    or
    Onex Corporation
    Andrew Sheiner, Managing Director
    416.362.7711