|By Marketwired .||
|May 23, 2014 12:15 PM EDT||
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.
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.
Head of the Funds Group
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
Jul. 23, 2016 11:00 PM EDT Reads: 2,209
Jul. 23, 2016 10:15 PM EDT Reads: 2,404
Jul. 23, 2016 10:00 PM EDT Reads: 1,569
Jul. 23, 2016 10:00 PM EDT Reads: 1,567
Jul. 23, 2016 09:30 PM EDT Reads: 1,936
Jul. 23, 2016 09:30 PM EDT Reads: 1,869
Jul. 23, 2016 09:00 PM EDT Reads: 1,805
Jul. 23, 2016 08:45 PM EDT Reads: 1,637
Jul. 23, 2016 08:30 PM EDT Reads: 2,011
Jul. 23, 2016 08:30 PM EDT Reads: 1,764
Jul. 23, 2016 08:00 PM EDT Reads: 2,408
Jul. 23, 2016 08:00 PM EDT Reads: 1,781
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Jul. 23, 2016 07:45 PM EDT Reads: 1,663
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 23, 2016 07:15 PM EDT Reads: 1,864
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 23, 2016 07:00 PM EDT Reads: 864