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Oaktree’s Rosenfelt on LME Tensions: State of Distressed Debt
Oaktree’s Rosenfelt on LME Tensions
State of Distressed Debt
“I think [Disqualified Lender lists] may be counterproductive because when you get to the negotiating room … in my experience … it’s often the distressed funds that are the more 'constructive' from the perspective of the sponsor.” Ross Rosenfelt, a managing director in Oaktree's Opportunities group, explained to BI's Negisa Balluku and Phil Brendel why sponsors may be getting steered in the wrong direction when they put credit opportunity funds on their DQ list. Ross dove into Oaktree's approach to liability management exercises, cooperation agreements and why recent related antitrust bluster around those agreements isn't keeping him up at night (8:15). Prior to that, Phil and BI's Noel Hebert discussed their shared amazement at both the equity and debt markets' ebullience. The podcast concludes with a roundtable discussion on Sunnova, At Home, Wolfspeed, Marelli, and Yellow Corp (1:06:00).
Jul 14, 2025