Oaktree Capital Management

QuadPay Secures Revolving Line of Credit of Up to $200 million from Goldman Sachs, Oaktree Capital

Thursday, September 24, 2020 - 2:00pm

High-growth, US-based payment installment platform QuadPay today announced that it has secured a senior secured committed revolving line of credit of up to $200 million from Goldman Sachs, with mezzanine financing provided by Oaktree Capital.

Key Points: 
  • High-growth, US-based payment installment platform QuadPay today announced that it has secured a senior secured committed revolving line of credit of up to $200 million from Goldman Sachs, with mezzanine financing provided by Oaktree Capital.
  • QuadPay will use the credit facility to expand its Buy Now, Pay Later (BNPL) business to new merchants throughout the United States.
  • Earlier this month, QuadPay recently merged with Zip Co Ltd (ASX: Z1P), to create a $2 billion global payments business.
  • QuadPay secured its credit facility from Goldman Sachs and Oaktree with advisory from Finitive, leveraging their direct lending platform.

Spirit Airlines Announces Closing of Private Offering by Loyalty and Brand Subsidiaries

Thursday, September 17, 2020 - 5:02pm

MIRAMAR, Fla., Sept. 17, 2020 (GLOBE NEWSWIRE) -- Spirit Airlines , Inc. (NYSE: SAVE) today announced the closing of a private offering of $850 million in principal amount of 8.00% senior secured notes due 2025 offered by two newly-formed Spirit subsidiaries.

Key Points: 
  • MIRAMAR, Fla., Sept. 17, 2020 (GLOBE NEWSWIRE) -- Spirit Airlines , Inc. (NYSE: SAVE) today announced the closing of a private offering of $850 million in principal amount of 8.00% senior secured notes due 2025 offered by two newly-formed Spirit subsidiaries.
  • The notes are guaranteed by Spirit and secured by Spirits customer loyalty programs and brand intellectual property.
  • We owe that to our valued Team Members, Guests and investors, Spirit President and CEO Ted Christie said.
  • Our low fares and top-class reliability present a great value to consumers as travel demand builds and the economy recovers.

Evolution Wellness Launches Global Licensing Programme For FIRE Fitness, Asia's Hottest Boutique Gym Brand

Monday, September 14, 2020 - 1:00pm

- Premium boutique gym brand FIRE Fitness takes on the global stage through its asset-light, digitally enabled model, with attractive licensing proposition

Key Points: 
  • - Premium boutique gym brand FIRE Fitness takes on the global stage through its asset-light, digitally enabled model, with attractive licensing proposition
    - Backed by Evolution Wellness, Asia's leading health club operator
    KUALA LUMPUR, Sept 14, 2020 - (Media OutReach) - Evolution Wellness, Asia's leading health club operator whose portfolio of brands also includes Celebrity Fitness and Fitness First, today announced the launch of a competitive licensing programme for its premium boutique gym brand, FIRE Fitness.
  • "FIRE Fitness's Signature programmes are designed to deliver engaging and uplifting results-driven fitness experiences in an intimate boutique environment.
  • For more information about FIRE Fitness licensing opportunities, please contact Evolution Wellness Director for Growth & Innovation Nad Myan (nad.myan@evolutionwellness.com) or visit http://bit.ly/FIREFitnessInvest.
  • For more information about Evolution Wellness and our portfolio brands, please visit www.evolutionwellness.com.

Universal Plant Services Announces Strategic Minority Investment by Oaktree Capital Management, LP

Tuesday, September 1, 2020 - 5:20pm

Jones Industrial Holdings, Inc. (JIH), the parent company of Universal Plant Services and its affiliates (UPS or the Company), announced today that funds managed by Oaktree Capital Management, LP (Oaktree), a leader among global investment managers, have completed a non-controlling investment in JIH.

Key Points: 
  • Jones Industrial Holdings, Inc. (JIH), the parent company of Universal Plant Services and its affiliates (UPS or the Company), announced today that funds managed by Oaktree Capital Management, LP (Oaktree), a leader among global investment managers, have completed a non-controlling investment in JIH.
  • The proceeds were used to purchase a minority investment previously held by MML Capital Partners and to provide the Company with capital for further growth.
  • UPSs mission is to provide world-class integrated specialty services designed to maximize the performance of critical energy assets.
  • Jones Industrial Holdings, headquartered in Houston, Texas, is a privately held holding company for Universal Plant Services and its affiliates.

Fortress Biotech Announces $60 Million Loan Agreement with Oaktree Capital Management

Friday, August 28, 2020 - 1:00pm

NEW YORK, Aug. 28, 2020 (GLOBE NEWSWIRE) -- Fortress Biotech, Inc. (NASDAQ: FBIO) (Fortress), an innovative revenue-generating company focused on acquiring, developing and commercializing or monetizing promising biopharmaceutical products and product candidates cost-effectively, today announced that it has entered into a $60 million loan agreement with funds managed by Oaktree Capital Management, L.P. (Oaktree), a leading global investment firm (the Agreement).

Key Points: 
  • NEW YORK, Aug. 28, 2020 (GLOBE NEWSWIRE) -- Fortress Biotech, Inc. (NASDAQ: FBIO) (Fortress), an innovative revenue-generating company focused on acquiring, developing and commercializing or monetizing promising biopharmaceutical products and product candidates cost-effectively, today announced that it has entered into a $60 million loan agreement with funds managed by Oaktree Capital Management, L.P. (Oaktree), a leading global investment firm (the Agreement).
  • Lindsay A. Rosenwald, M.D., Chairman, President and Chief Executive Officer of Fortress, said, We are very pleased to close this transaction with Oaktree.
  • Cantor Fitzgerald & Co served as financial advisor to Fortress and Sidley Austin, LLP served as legal counsel to Fortress.
  • Oaktree is a leader among global investment managers specializing in alternative investments, with $122 billion in assets under management as of June 30, 2020.

Pending New Home Sales Jumped 32.7% Year-Over-Year According To Meyers Research

Friday, August 21, 2020 - 2:00pm

The New Home PSI, backed by data from Zonda and Metrostudy, shows pending sales increased month-over-month and year-over-year across the United States.

Key Points: 
  • The New Home PSI, backed by data from Zonda and Metrostudy, shows pending sales increased month-over-month and year-over-year across the United States.
  • Pending new home sales trended above July 2019 levels in nearly every top market across the country.
  • The Meyers Research New Home Pending Sales Index (PSI) is built on proprietary, industry-leading data that covers 60% of the production new home market across the United States.
  • Meyers Research, Hanley Wood, Zonda, Metrostudy, and the company logo, are trademarks of Meyers Research, LLC and/or its subsidiaries.

Investment Conference to Feature Negrete-Gruson, Marks, Reider, Einhorn

Wednesday, August 19, 2020 - 1:39pm

MILWAUKEE, Aug. 19, 2020 /PRNewswire/ --The 12th annual SecureFutures Investment Conference will take place as a virtual event on Monday, September 14, from 3:00 pm - 4:30 pm Central Time.

Key Points: 
  • MILWAUKEE, Aug. 19, 2020 /PRNewswire/ --The 12th annual SecureFutures Investment Conference will take place as a virtual event on Monday, September 14, from 3:00 pm - 4:30 pm Central Time.
  • The conference is recognized as the Midwest's premier annual event for cutting-edge investment thinking.
  • The virtual format will solve the prior-years' demand for seats, limited by venue capacity, and allow additional attendees wealth managers, investment professionals and individual investors from across the county.
  • This year's all-star lineup of speakers includes keynote Maria Negrete-Gruson, Managing Director, Artisan Partners; Howard Marks, Co-Chairman, Oaktree Capital; Rick Rieder, Managing Director, BlackRock; and David Einhorn, President, Greenlight Capital.

CUMULUS MEDIA Reports Operating Results for the Second Quarter 2020 and Announces Definitive Agreement to Monetize Tower Portfolio for $213 Million

Monday, August 10, 2020 - 1:00pm

(2) Adjusted for all merger and acquisition activity occurring in 2019 and 2020 as if such activity had occurred as of January 1, 2019.

Key Points: 
  • (2) Adjusted for all merger and acquisition activity occurring in 2019 and 2020 as if such activity had occurred as of January 1, 2019.
  • The Company will host a conference call today at 8:30 AM EDT to discuss its second quarter operating results.
  • A link to the webcast of the conference call will be available on the investor section of the Companys website (www.cumulusmedia.com/investors/).
  • CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees.

Hanley Wood | Meyers Research Adds Chief Technology Officer

Monday, August 3, 2020 - 4:00pm

COSTA MESA, Calif., Aug. 3, 2020 /PRNewswire-PRWeb/ -- Today, Hanley Wood | Meyers Research, the housing industry's leading provider of rich data, backed by Zonda and Metrostudy, and the industry's top advisors for residential real estate development and new home construction, announced that it has named James (Jim) Adams as its new Chief Technology Officer (CTO) reporting directly to CEO Jeff Meyers.

Key Points: 
  • COSTA MESA, Calif., Aug. 3, 2020 /PRNewswire-PRWeb/ -- Today, Hanley Wood | Meyers Research, the housing industry's leading provider of rich data, backed by Zonda and Metrostudy, and the industry's top advisors for residential real estate development and new home construction, announced that it has named James (Jim) Adams as its new Chief Technology Officer (CTO) reporting directly to CEO Jeff Meyers.
  • At Hanley Wood | Meyers Research, Adams will lead strategic, cross-company initiatives, including technology infrastructure, engineering and product innovation.
  • "Technology innovation is paramount to competitive advantage, and the pace to which we evolve our products and services continues to accelerate our business," said Hanley Wood | Meyers Research CEO Jeff Meyers.
  • "I'm extremely excited to join the team at Hanley Wood | Meyers Research.

CUMULUS MEDIA Announces Conference Call to Discuss Second Quarter 2020 Operating Results

Monday, July 27, 2020 - 1:30pm

ATLANTA, July 27, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Monday, August 10th at 8:30 AM ET to discuss its second quarter 2020 operating results.

Key Points: 
  • ATLANTA, July 27, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Monday, August 10th at 8:30 AM ET to discuss its second quarter 2020 operating results.
  • A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.
  • CUMULUS MEDIAis a leading audio-first media and entertainment company delivering premium content to over a quarter billion people every month wherever and whenever they want it.
  • CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees.