Oaktree Capital Buys U.K.’s Countryside Capital From Lloyds
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Oaktree Capital Management LLC has bought U.K. homebuilder Countryside Properties Plc using debt provided by seller Lloyds Banking Group.
Countryside got loans totaling 165 million pounds ($250 million) from the bank, Chairman Andrew Carr-Locke said in a telephone interview. The five-year facilities include a 125 million-pound term loan and a 40 million-pound working capital facility, he said.