US based Oaktree Capital has once again bought a seat at the bargaining table of a major shipowner, this week’s pre bankruptcy filing by Excel Maritime Carriers confirms.
No fewer than eight Oaktree investment funds are listed within the grouping of Excel’s lenders, a category normally reserved for banks.
That status seems to confirm a TradeWinds report in April that Oaktree had bought a chunk of Excel debt held by original lead lender Nordea, along with a private equity fund owned by Goldman Sachs, which is also on the Excel lenders’ list.
Nordea
