Onex Credit Partners Files Final Prospectus for OCP Senior Credit Fund

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


All amounts in Canadian dollars unless otherwise stated.

Onex Credit Partners, LLC ("OCP") announces the filing of the final prospectus
for the initial public offering of units (the "Units") of OCP Senior Credit Fund
(the "Fund") for a total offering size of up to $300 million. The offering is
scheduled to close on November 19, 2010. The Toronto Stock Exchange ("TSX") has
conditionally approved the listing of the Units under the symbol OSL.UN subject
to the fulfillment of the TSX requirements.


The Fund will be managed by OCP, the exclusive credit investing platform of Onex
Corporation (TSX:OCX), a leading Canadian investment firm with a long
established track record and a disciplined, value-oriented approach to
investing. 


The Fund will seek to achieve the following objectives: (i) provide holders of
units with attractive, quarterly, tax-advantaged distributions, initially
targeted to be $0.125 per quarter representing an annual yield of 5% based on
the original issue price of $10.00 per Unit; (ii) preserve capital; and (iii)
generate enhanced returns through increasing cash flow to the portfolio as
interest rates rise. It is expected that quarterly distributions received by
Unitholders will consist primarily of returns of capital for tax purposes.


The syndicate of agents for the offering is co-led by CIBC World Markets Inc.
and RBC Capital Markets, and includes 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.


Important information about the Fund is contained in its final prospectus dated
October 25, 2010. Please obtain a prospectus from a local dealer and read it
carefully before investing. 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.