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Onex Credit Partners Prices Its Largest CLO Offering

TORONTO, ONTARIO -- (Marketwired) -- 05/23/14 --

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 sixth collateralized loan obligation ("CLO") offering $1 billion of securities and loans in a private placement transaction that includes up to $92 million from Onex.

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 $4.7 billion in senior secured loans and high yield bonds in a variety of strategies. Onex will have approximately $200 million invested in Onex Credit CLOs.

The securities offered in this sixth 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. Onex acquires and builds high-quality businesses in partnership with talented management teams. Onex has approximately $21 billion of assets under management, including $6 billion of Onex capital, in private equity and credit securities.

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.

Contacts:
Onex Corporation
Emma Thompson
Head of the Funds Group
416.362.7711

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