Onex Credit Partners Closes Over-Allotment Option for OCP Senior Credit Fund

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Onex Credit Partners, LLC ("OCP") is pleased to announce that the syndicate of
agents for the initial public offering of OCP Senior Credit Fund (the "Fund")
(TSX:OSL.UN) has exercised its over-allotment option and acquired an additional
2.1 million units of the Fund. In total, the Fund issued 34.1 million units
pursuant to its initial public offering, yielding gross proceeds of $341
million. The units are listed on the Toronto Stock Exchange under the symbol
OSL.UN.


The syndicate of agents for the offering was co-led by CIBC World Markets Inc.
and RBC Capital Markets, and included BMO Capital Markets, Scotia Capital Inc.,
National Bank Financial Inc., TD Securities Inc., Dundee Securities Corporation,
GMP Securities L.P., Canaccord Adams, HSBC Securities (Canada) Inc., Macquarie
Private Wealth Inc., Raymond James Ltd., Wellington West Capital Markets Inc.,
Desjardins Securities Inc., Manulife Securities Incorporated and Mackie Research
Capital Corporation (the "Agents").


This offering is only made by prospectus. The prospectus dated October 25, 2010
contains important detailed information about the securities being offered.
Investors should obtain a prospectus from one of the Agents and read it
carefully before making an investment decision. This investment may not be
suitable for all investors. Commissions, trailing commissions, management fees
and expenses all may be associated with this investment. An investment in the
Fund is not guaranteed, its value changes frequently and past performance may
not be repeated.


Certain statements included herein constitute forward-looking statements,
including, but not limited to, those identified by the expressions "expect",
"intend", "will" and similar expressions to the extent they relate to the Fund.
The forward-looking statements are not historical facts but reflect OCP's
current expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations.
Although OCP believes that the assumptions inherent in the forward looking
statements are reasonable, forward-looking statements are not guarantees of
future performance and, accordingly, readers are cautioned not to place undue
reliance on such statements due to the inherent uncertainty therein. OCP
undertakes no obligation to update publicly or otherwise revise any
forward-looking statement or information whether as a result of new information,
future events or other factors which affect this information, except as required
by law.