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Unique Onex CLO draws in ABS crowd with replenishment structure
2 years ago
Onex Credit Partners struck a compromise between debt and equity investors last week when it created the first CLO to feature a replenishment period, according to market sources. Creditflux analysis of the CLO's execution suggests it was well recieved. -
Onex issues rare short-dated CLO structured with replenishment period
2 years ago
Onex Credit Partners has issued an unusual short-dated CLO that utilises a replenishment period as opposed to a reinvestment period -
US CLO pipeline: Carlyle and Blackstone aim for CLO-a-month 2021 as BlackRock goes for baker's quadruple
2 years ago
The Thanksgiving holiday has not dampened the US CLO market’s appetite as a flurry of deals are set to price in the next couple of weeks. That includes 18 new deals, 11 resets and seven refinancings in the US -
CLOs at a glance (November 2021)
2 years ago
A listing of CLOs that have priced in the last month -
Sofr so good as Onex prices breakthrough CLO with Libor replacement
2 years ago
Onex Credit Partners made CLO history on Thursday by partnering with Nomura to reset OCP CLO 2015-10, becoming the first firm to issue a liability tranche linked to the Libor-replacement rate Sofr, -
Nomura closes in on Sofr CLO milestone with 15bp emerging as standard for spread adjustment
2 years ago
Nomura is close to a major breakthrough by arranging the first CLO transaction with a Sofr pricing component -
Onex's 2021 US CLO volume passes $1 billion with fixed-to-floating tranche
2 years ago
Onex Credit Partners priced its second new US CLO of the year on Friday, bringing its issuance volume for the year over $1 billion for the first time -
Lead Onex CLO PM joins Dallas-based credit start-up Sycamore Tree
2 years ago
Start-up credit manager Sycamore Tree Capital Partners has hired an experienced CLO PM to oversee its nascent CLO management business -
Three CLO resets from Natixis grow market $450 million via upsizings alone
2 years ago
Natixis has priced CLO resets for Benefit Street Partners, Onex Credit Partners and Voya Investment Management that include big upsizings, with the combined total amounting to $455.1 million of additional CLO paper -
Credit funds at a glance (August 2021)
2 years ago
A round up of fundraising and people moves in credit -
Senior research analyst joins Onex from another US CLO issuer
2 years ago
Onex Credit Partners has hired senior research analyst with 11 years' industry experience -
Credit Rendezvous: And breathe...
2 years ago
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives. -
US loan managers capture secondary opportunities as new issues struggle
2 years ago
US loan managers switched gears by sourcing loans in the secondary market in the second quarter. This came as pricing in the primary market became less attractive in the early part of Q2 and with new loan issuance slowing in May and June -
Onex shakes up senior debt structure in refi of 2019 CLO
2 years ago
Onex Credit Partners has restructured the senior debt tranches of OCP 2019-17 after refinancing the deal via Citi -
Onex prices its first CLO of 2021
2 years ago
Onex Credit Partners has issued its first new CLO of 2021 -
CLO pipeline: go long! new issues and resets push refis aside
2 years ago
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues -
CLO pipeline: expensive 2019 CLOs in vogue with 32bp savings potential
3 years ago
The CLO pipeline is dominated by refinancings and resets, with new issuance taking a backseat -
CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
3 years ago
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed -
CLO pipeline: busy year, so let's take time to reset
3 years ago
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline -
Onex converts notes to loans in revamped 2019 CLO amid $457 million refi
3 years ago
Onex Credit Partners has completely overhauled the capital structure of its 2019 deal named OCP CLO 2019-16 as part of a refinancing, including converting parts of tranches originally issued as bonds into loan format -
Onex swoops to buy $3.8 billion private credit manager
3 years ago
Onex has bolstered its private credit capabilities with the acquisition of US private credit manager Falcon Investment Advisors -
Onex prices sixth CLO primary market transaction of 2020
3 years ago
Onex Credit Partners returned to the CLO primary market on Thursday to print its sixth transaction of 2020 -
Onex targets high yield bonds after bumper year of US bond issuance
3 years ago
Onex Credit is fundraising for Onex High Yield Bond Fund, according to SEC filings seen by Creditflux -
Onex claims three new US CLO equity investors
3 years ago
Onex Credit Partners has confirmed the pricing of a US CLO earlier this week, which it says resulted in three new equity investors to its platform -
Onex prints seniors at 141.6bp in five-year reinvestment CLO
3 years ago
Onex Credit Partners has priced its third US CLO post-covid, and its first with a five-year reinvestment period
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