In the past two weeks, funds managed by Oaktree Capital Management have entered into financing transactions with Rayonier Advanced Materials and Pitney Bowes. Oaktree is a leading global alternative investment management firm with expertise in credit strategies.
In the Rayonier deal, funds managed by Oaktree entered into a transaction on July 20 to provide a $250 million secured term loan facility to a Luxembourg subsidiary of Rayonier. On July 31, funds managed by Oaktree purchased $275 million of senior secured notes from Pitney Bowes.
The S&C team for the Rayonier deal consists of Ari Blaut, Chris Beatty, Dan Loeser and Walter Piazza. Rachel Yu and Elizabeth Levin advised on intellectual property matters. Jeff Hochberg and Eli Dubin advised on tax matters. Rob Schlein and Ben Black advised on real estate matters. Arnaud Berdou and Thibault Meynier advised on French law matters.
The S&C team for the Pitney Bowes deal consists of Ari Blaut, R. Courtland Morrice, Nicholas Baker and Nolan Abboud. Chris Howard advised on U.K. financing matters. Rachel Yu and Grace Son advised on intellectual property matters. Jeff Hochberg and Eli Dubin advised on tax matters. Matt Brennan advised on environmental matters.
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