Oaktree Capital Management LP is among lenders that have agreed to fund Quiksilver Inc.’s operations as it emerges from bankruptcy, according to people with knowledge of the matter.

Oaktree, which is set to take control of the reorganized company, committed to a $50 million loan, said the people, who asked not to be named because the investments are private. Bank of America Corp. and Wells Fargo & Co. will also provide $140 million in an asset-backed loan, the people said.

The move boosts Oaktree’s bet on the surfwear retailer. The largest distressed debt investor in the world holds about 73 percent of the chain’s $279 million in senior notes, which will be converted into about 95 percent of the equity in the reorganized company.

Representatives for Oaktree, Quiksilver, Bank of America and Wells Fargo declined to comment.

Oaktree’s so-called delayed-draw loan will enable the company to withdraw set amounts of cash at specified times.

Quiksilver, which is advised by Peter J. Solomon & Co., filed for bankruptcy protection in September after years of struggling to compete against fast-fashion retailers like Hennes & Mauritz AB. At the time of the filing, it had about $826 million in total debt.

The case is In re Quiksilver Inc., 15-11880, U.S. Bankruptcy Court, District of Delaware (Wilmington).

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