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February 07, 2016 4:42 AM ET

Capital Markets

Company Overview of Oaktree Capital Management, L.P.

Company Overview

Oaktree Capital Management, L.P. is a private equity firm specializing in marketable securities and private investments. The firm’s marketable securities investments include high yield bonds, convertible securities, high-income convertibles, European high yield bonds, and international convertibles. Within high yield bonds, it purchases only debt of solvent United States and Canadian corporations and emphasize senior, cash-paying securities, and thorough diversification. The firm eschews emerging nation debt sector and does not shift adroitly from sector to sector. It invests in senior secured and second lien debt, syndicated mezzanine transactions, senior bank loans, and high yield bonds an...

333 South Grand Avenue

28th Floor

Los Angeles, CA 90071

United States

Founded in 1995

Phone:

213-830-6300

Fax:

213-830-6293

Key Executives for Oaktree Capital Management, L.P.

Chief Executive Officer and Outside Director
Age: 58
Co-Founder, Chief Investment Officer, Portfolio Manager, and Co-Chairman
Age: 60
Co-Founder, Principal, and Co-Chairman
Age: 68
Principal, Group Founder, and Portfolio Manager
Age: 56
Principal and Chief Financial Officer
Age: 59
Compensation as of Fiscal Year 2015.

Oaktree Capital Management, L.P. Key Developments

Molycorp To Start Bankruptcy Sale Of Business

Molycorp, Inc. (OTCPK:MCPI.Q) reached agreements with its junior creditors on January 8, 2016, that clear the way for the bankrupt company to accept bids for the company and to ask creditors to vote on a plan to exit bankruptcy. Molycorp has been battling its bondholders who have alleged it is doing the bidding of its lender, Oaktree Capital Management, L.P. Molycorp has said in filings with the U.S. Bankruptcy Court in Wilmington that it had received 20 potential bids. On January 5, 2016, Bloomberg reported that potential buyers from China and Australia submitted nonbinding bids of more than $700 million for Molycorp's processing operations. An auction is scheduled for March 4, 2016. The auction would include the company's closed mine in Mountain Pass. If bids fall short of a certain threshold, Molycorp has proposed exiting bankruptcy through a reorganization plan, excluding the Mountain Pass mine, under the control of Oaktree Capital Management.

Molycorp's Asset Sale Plan Fails

Molycorp, Inc. (OTCPK:MCPI.Q) plan to sell its assets as part of its Chapter 11 bankruptcy plan has reportedly failed, and the company is proceeding with its restructuring plan. Molycorp is moving forward with a restructuring plan that some creditors said would benefit its senior lender, Oaktree Capital Management, L.P., after a mediation aimed at devising a new plan failed, according to people with knowledge of the matter. The parties couldn’t agree to terms on how to handle a sale of assets, said the people, who asked not to be named because the talks were private. JHL Capital Group LLC had been engaged in negotiations over the past two weeks. JHL now mentioned that the process gave Oaktree veto power and made it impossible to persuade potential buyers to join an auction. The challenging creditors asked for a 10 percent stake in Molycorp’s assets outside the U.S. and 10 percent in warrants, but Oaktree countered with 5 percent in equity and 15 percent in warrants at various prices, said the people. The mediation’s collapse means the contending creditors now must try to devise a new sales process if they seek to challenge the current plan as the bidding continues. Ana Chapman, president of JHL Capital, Alyssa Linn, a spokeswoman for Oaktree at Sard Verbinnen & Co., and Jim Sims, a spokesman at Molycorp, declined to comment.

Oaktree Reportedly Mulls IPO Of AdvancePierre Foods

Oaktree Capital Management, L.P. is considering an initial public offering of AdvancePierre Foods, Inc., people with knowledge of the matter said. Oaktree Capital is reportedly in talks with investment banks about a listing of AdvancePierre Foods as soon as the first quarter of 2016.

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