(Reuters) – U.S. hedge funds Oaktree Capital Management and Centerbridge Partners sweetened their refinancing proposal for surfwear company Billabong International Ltd, upping the ante against a rival group led by Altamont Capital Partners.
Oaktree and Centerbridge have offered a raft of terms including a lower interest rate on the Australian surfwear company’s debt, which they say will give the company savings of as much as A$143 million ($129.02
