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