It’s late September and snow is already accumulating at some western ski resorts—a good sign for powder hounds everywhere. Earlier this week Wyoming’s Jackson Hole and Montana’s Bridger Bowl and Big Sky picked up measurable snowfall after a storm swept through on the back of a hefty cold front. The Colorado Rockies also reported … More
19
Sep
Business News – Billabong Receives More Than $500M From Centerbridge Partners & Oaktree Capital
Billabong announced Thursday that it has accepted a financial rescue package worth more than $500 million to be provided by the private equity groups Centerbridge Partners and Oaktree Capital. This announcement comes a little more than a month after the company unveiled a refinancing plan worth $315 million with Blackstone Credit Group’s GSO Capital Partners and Altamont Capital, another private investor firm which acquired the DaKine brand from Billabong in late July. The new credit line agreed upon with Centerbridge Partners and Oaktree Capital is worth approximately 570 million Australian dollars, which translates to $542 million US in debt and equity refinancing, according to … More