Credit Opportunities
Niche Private Credit Strategy
ORIX USA’s Credit Opportunities group provides loans to specialty finance and essential-service businesses.
Deal Characteristics
- Hold Size: $20 to $80 million
- Security: Unitranche, Junior Debt and Preferred Equity
- Interest Rate: S+450 – 15% | Ability to PIK interest
Our Target Sectors:
Specialty Finance
- Financing for hard assets, financial assets, IP-based assets, equipment lessors, and other esoteric loans
Essential Services/Core + Infrastructure
- Criteria: Utility-like service, non-discretionary customer spend, highly recurring & predictable revenue stream
- Sub-sectors include, but are not limited to:
- communications infrastructure
- transportation
- social utilities (such as water, waste, contracted energy and education)
- operating real estate (i.e. businesses that have a strong operating component as well as a real estate underpinning, such as car washes, cold storage, marinas, etc.)
- business services
- healthcare services
Key Differentiators
- ORIX Corporation is a strategic in specialty finance and infrastructure verticals, and can become an equity investor for the right asset
- >$100bn, A-rated balance sheet with low cost of funding
- Domain expertise to develop an independent EV view, and price debt accordingly
