Oaktree Capital Management LLC

Type: Company
Name: Oaktree Capital Management LLC
First reported 11 hours ago - Updated 11 hours ago - 1 reports

Leveraged loans - news in brief, October 31, 2014

3i mandates four banks for Christ buyout debtUK private equity and investment firm 3i is adding debt to the mix for its purchase of a controlling stake in Christ, the German jewellery chain, and has mandated four banks to arrange the financing.Commerzbank, ... [Published GlobalCapital - 11 hours ago]
First reported 16 hours ago - Updated 13 hours ago - 1 reports

Oaktree confirms $10B fund raise

ews EditorSpeaking on the earnings call, Oaktree Capital (OAK -1.7%) management confirms it's raising $10B for a distressed fund with plans to sit on most of it ($7B) until a sizable market reversal makes for tastier opportunities.Oaktree's John Frank ... [Published Seeking Alpha - 16 hours ago]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Oaktree Capital Management to acquire stake in Hess Energy Trading (HETCO)

An affiliate of funds managed by Oaktree Capital Management, L.P., an alternative investment management firm, has agreed to acquire a stake in Hess Energy Trading Company LLC (HETCO LLC), an energy trading company, from Hess Corporation. All the entities ... [Published Individual.com - Oct 28 2014]
First reported Oct 27 2014 - Updated Oct 28 2014 - 7 reports

Oaktree Capital agrees to inject $500m in commodities trader HETCO

Oaktree Capital Management has agreed a deal for Hess Corp’s energy trading unit HETCO which will see it inject $500m of new capital into the business. ... [Published AltAssets.net - Oct 28 2014]
First reported Oct 27 2014 - Updated Oct 27 2014 - 6 reports

Torm agrees to debt restructuring

Tanker company looks to write down debt to stay afloatTorm struggling to stay afloat (Photo: Wikipedia)17:15Troubled tanker operator Torm has agreed to a restructuring of its debt with group of its lenders led by Oaktree Capital Management, a major US ... [Published Copenhagen Post - Oct 27 2014]
First reported Oct 27 2014 - Updated Oct 27 2014 - 1 reports

BRIEF-Torm enters into an deal with Oaktree regarding restructuring

Oct 27 (Reuters) - Torm A/S* Says enters into an deal with a group of its lenders andOaktree Capital Management regarding a possible restructuring ofTORM* Says final terms of proposed transactions to implement arestructuring of TORM will be subject to ... [Published Reuters - Oct 27 2014]
First reported Oct 25 2014 - Updated Oct 25 2014 - 1 reports

Mountain resort projects on the rise after lengthy hiatus

DENVER — Big High Country construction projects are emerging from a nearly six-year hibernation.Investors are freeing the flow of cash. Buyers are stepping up. And in Breckenridge, Vail and the Roaring Fork Valley, large-scale condominium and hotel projects ... [Published Summit Daily News - Oct 25 2014]
First reported Oct 17 2014 - Updated Oct 18 2014 - 3 reports

Aleris to Sell Aluminum-Recycling Unit to Signature for $525M

Aleris Corp., which is backed by Oaktree Capital Management andBlackstone Group, has agreed to sell its aluminum-recycling business Global Recycling and Specification Alloys for $525 million toSignature Group Holdings Inc, which aims to take advantage ... [Published Dow Jones Financial Information Services - Oct 18 2014]
First reported Oct 17 2014 - Updated Oct 17 2014 - 2 reports

Trouble Ahead for Debt Funds?

U.S. debt fund managers Oaktree Capital Management and Babson Capital recently posted strong results for their European arms . Babson’s Andrew Godson attributes his firm’s success in Europe to a search for yield from institutional investors, hungry for ... [Published ACQ Magazine - Oct 17 2014]
First reported Oct 15 2014 - Updated Oct 15 2014 - 2 reports

Oaktree Capital Management (OAK): In Control? asks report by UNITE HERE

LOS ANGELES--(BUSINESS WIRE)--Oaktree Capital (OAK) recently cut the target size for Oaktree Principal Fund VI from $3 billion to about $1.8 billion. Oaktree's (OAK) Principal Investments' funds have been 3rd quartile performers. ... [Published Business Wire Professional Services News - Oct 15 2014]
First reported Oct 10 2014 - Updated Oct 10 2014 - 2 reports

'New era' as Birchwood Park sale completes

New investment and development opportunities are in the pipeline for Birchwood Park after the completion of its sale.A joint venture between Oaktree Capital Management and PATRIZIA AG has completed its purchase of the park from Hermes Real Estate, the ... [Published Insider Media Limited - Oct 10 2014]
First reported Oct 06 2014 - Updated Oct 07 2014 - 7 reports

Oaktree names new CEO.

More Stories With sizable stakes in companies including Townsquare Media, Triton Digital, Tribune and Cumulus Media, Oaktree Capital is one of the behind-the-scenes players in the radio business.   The private equity firm announced yesterday that it’s ... [Published Inside Radio - Oct 07 2014]

Quotes

...The final terms will be subject to further negotiations, but Torm says that it is "expected to stipulate that the lenders will initially write down the debt to the current asset values in exchange for warrants and may elect to convert part of the remaining debt into new equity in the company. Oaktree would contribute product tanker vessels in exchange for a controlling equity stake in the combined company, which will reinforce TORM's position as one of the largest owners in the product tanker segment. The agreement also envisages a new working capital facility."
Stephen Hendel said, "We are pleased to forge a relationship with Oaktree, providing us with a world class partner with exceptional financial strength and an extremely strong platform for further expansion of our business. We have enjoyed a long and fruitful relationship with Hess Corporation and we are now delighted to be moving into a new phase of our business in the partnership with Oaktree."
"Oaktree would contribute product tanker vessels in exchange"
"The final terms of the proposed transactions to implement a restructuring of Torm will be subject to further negotiations between the relevant parties. At this stage, the restructuring is expected to stipulate that the lenders will initially write down the debt to the current asset values in exchange for warrants and may elect to convert part of the remaining debt into new equity in the company" says Torm:

More Content

All (219) | News (153) | Reports (0) | Blogs (59) | Audio/Video (0) | Fact Sheets (0) | Press Releases (7)
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Leveraged loans - news in brief, October 31, 2014 [Published GlobalCapital - 11 hours ago]
Oaktree confirms $10B fund raise [Published Seeking Alpha - 16 hours ago]
M7 hires Patrizia’s Chris Pope [Published CoStar Uk - 22 hours ago]
Attention Investors: Private Equity Loves The S... [Published Benzinga.com - Oct 28 2014]
Oaktree Capital Management to acquire stake in ... [Published Individual.com - Oct 28 2014]
Energy News Roundup: Is Opec Toothless? Hedge F... [Published Breaking Energy online - Oct 28 2014]
Oaktree Capital agrees to inject $500m in commo... [Published AltAssets.net - Oct 28 2014]
Eagle Bulk Shipping Inc. (EGLE): Oaktree Disclo... [Published InsiderMonkey.com - Oct 27 2014]
Oaktree buys half of energy trader Hetco [Published Seeking Alpha - Oct 27 2014]
Torm agrees to debt restructuring [Published Copenhagen Post - Oct 27 2014]
Two months after debut, SLS Las Vegas president... [Published Las Vegas Review Journal - Oct 27 2014]
Oaktree would control Torm under proposed restr... [Published Marine Log - Oct 27 2014]
TORM enters into an agreement with a group of i... [Published Portnews - Oct 27 2014]
Oaktree to buy Hess stake in Hetco [Published Reuters - Oct 27 2014]
Funds Managed by Oaktree to Acquire Interest in... [Published Yahoo! Finance UK and Ireland - Oct 27 2014]
Funds Managed by Oaktree to Acquire Interest in... [Published EON Business - Oct 27 2014]
Funds Managed by Oaktree to Acquire Interest in... [Published EON Energy - Oct 27 2014]
Funds Managed by Oaktree to Acquire Interest in... [Published Scottrade - Oct 27 2014]
Funds Managed by Oaktree to Acquire Interest in... [Published Business Wire Professional Services News - Oct 27 2014]
Funds Managed by Oaktree to Acquire Interest in... [Published Business Wire Energy News - Oct 27 2014]
Denmark’s Tanker Company Torm Agrees On Debt Re... [Published MaritimeSecurity.Asia - Oct 27 2014]
TORM Strikes Deal on Restructuring [Published World Maritime News - Oct 27 2014]
Torm enters into restructuring agreement with O... [Published Seatrade Global - Oct 27 2014]
Denmark's tanker company Torm agrees on debt re... [Published Reuters - Oct 27 2014]
US-based equity fund could be new owner of Torm [Published ShippingWatch - Oct 27 2014]
TORM enters into an agreement with a group of i... [Published GlobeNewswire: Acquisitions News - Oct 27 2014]
BRIEF-Torm enters into an deal with Oaktree reg... [Published Reuters - Oct 27 2014]
Mountain resort projects on the rise after leng... [Published Summit Daily News - Oct 25 2014]
Aspen Times Weekly: Base Village — concrete dream? [Published Aspen Times - Oct 23 2014]
46 billionaires who went to Philadelphia-area c... [Published Philly.com - Oct 23 2014]
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Blogs

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Funds Managed by Oaktree to Acquire Interest in... [Published EON Business - Oct 27 2014]
NEW YORK--(EON: Enhanced Online News)--Hess Energy Trading Company LLC (“HETCO”), a leading global marketer and trader of energy commodities, today announced that an affiliate of funds managed by Oaktree Capital Management L.P. (“Oaktree”), a leading ...
Funds Managed by Oaktree to Acquire Interest in... [Published EON Energy - Oct 27 2014]
NEW YORK--(EON: Enhanced Online News)--Hess Energy Trading Company LLC (“HETCO”), a leading global marketer and trader of energy commodities, today announced that an affiliate of funds managed by Oaktree Capital Management L.P. (“Oaktree”), a leading ...
Funds Managed by Oaktree to Acquire Interest in... [Published Business Wire Professional Services News - Oct 27 2014]
NEW YORK--(BUSINESS WIRE)--Hess Energy Trading Company LLC (“HETCO”), a leading global marketer and trader of energy commodities, today announced that an affiliate of funds managed by Oaktree Capital Management L.P. (“Oaktree”), a leading global alternative ...
Funds Managed by Oaktree to Acquire Interest in... [Published Business Wire Energy News - Oct 27 2014]
NEW YORK--(BUSINESS WIRE)--Hess Energy Trading Company LLC (“HETCO”), a leading global marketer and trader of energy commodities, today announced that an affiliate of funds managed by Oaktree Capital Management L.P. (“Oaktree”), a leading global alternative ...
Denmark’s Tanker Company Torm Agrees On Debt Re... [Published MaritimeSecurity.Asia - Oct 27 2014]
Debt-stricken Danish tanker operator Torm said on 27th October it had agreed a deal with group of its lenders and Oaktree Capital Management, a large U.S. investor in distressed debt, to restructure the company. The Danish company is one of the largest ...
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

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TORM enters into an agreement with a group of i... [Published GlobeNewswire: Acquisitions News - Oct 27 2014]
Molycorp Announces Successful Closing of $400 M... [Published GlobeNewswire: Advertising News - Sep 11 2014]
Oaktree Transforms OpTerra Energy Group with Ac... [Published Financial Services - Sep 09 2014]
Molycorp (NYSE: MCP) Announces a Commitment for... [Published GlobeNewswire: Acquisitions News - Aug 06 2014]
$250 Million Bascom/Oaktree Venture Closes 296-... [Published Financial Services - Aug 01 2014]
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