Onex Credit Partners Prices CLO-7

TORONTO, ONTARIO--(Marketwired - Nov. 3, 2014) -

All amounts in U.S. dollars unless otherwise stated

Onex Corporation ("Onex") (TSX:OCX) announced today that Onex Credit Partners, LLC ("Onex Credit") priced its seventh collateralized loan obligation ("CLO") offering $514 million of securities in a private placement transaction. Onex purchased a majority of the equity in the transaction.

Onex Credit is focused exclusively on non-investment grade credit investing. After giving effect to the closing of this offering, Onex Credit will manage more than $5 billion in senior secured loans and high yield bonds in a variety of strategies.

The securities offered in this seventh CLO have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration under that Act. Any future CLO offerings will be made in similar private placement transactions subject to the same restrictions.

About Onex

With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit Partners, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. The Company has approximately $22 billion of assets under management, including $6 billion of Onex capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its Funds.

This news release may contain forward-looking statements that are based on management's current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.