Altamont, GSO Refinance Billabong
Altamont has partnered with GSO Capital Partners to provide refinancing for Billabong International Limited. As part of the recapitalization, Altamont also agreed to acquire DAKINE from Billabong, which will be run as a separate company. Press reports value the financing package at $364 million. Billabong's board also said it plans to appoint Scott Olivet as Chief Executive Officer and Managing Director of the company. Billabong was the subject of a bidding war earlier this year.
16 July 2013•3 mins read
