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OCP Euro CLO 2017-2, LTD: 16 December 2017

As per the earlier transaction, the assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Onex Credit Partners, LLC.

Onex Corporation indirectly owns approximately 82% of the economic interest in the Portfolio Manager. Onex is one of the oldest and most well-respected private equity firms, with offices in Toronto, New York and London. Onex manages and invests in leveraged loans, collateralised loan obligations and other credit securities. At 30 September 2016, Onex had approximately US$23 billion of assets under management, including $6 billion of Onex capital, in private equity and credit securities.

Eligibility criteria (includes): it is a Secured Senior Obligation, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is either (I) denominated in Euro or (II) denominated in a Qualifying Currency other than Euro; it is not a Defaulted Obligation or a Credit Risk Obligation; it is not a lease; it is not a Structured Finance Security or a Synthetic Security; it is not a Zero Coupon Security; it has an S&P Rating of not lower than “CCC-” and a Moody’s Rating of not lower than “Caa3”; it is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country (as determined by the Portfolio Manager); it is not a Project Finance Loan.

The Issuer anticipates that, by the Issue Date, it, or the Portfolio Manager on its behalf, will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which is equal to at least €281,000,000, which is approximately 66.0% of the Target Par Amount.

The Notes are being offered by the Issuer through J.P. Morgan in its capacity as initial purchaser of the offering of such Notes.