Onex and Bain bring back pre-Covid duration in latest CLOs

By Paola Aurisicchio
28 Oct 2020

Onex Credit Partners and Bain Capital Credit each priced CLOs with five year reinvestment periods on Wednesday, the latest managers to return traditional CLO structures that were upended by the coronavirus.

Onex, the Toronto-based firm with $12bn in assets under management, has priced its third CLO of the year and the first with the traditional five year management period since the pandemic began. The $400m CLO was arranged by Natixis and sold the senior notes at 140bps over three ...

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