Oaktree Capital increases equity stake in SunOpta to 19.81 pct

U.S. private investment firm Oaktree Capital Management has increased its equity interest in SunOpta Inc (TSX: SOY, Nasdaq: STKL), a Canadian producer of organic and specialty foods. Last week, Oaktree acquired 3.7 million common shares at US$7.50 per unit, growing its stake to about 19.81 percent of outstanding shares. In October 2016, Oaktree agreed to invest $85 million in exchangeable preferred shares in Toronto-based SunOpta to help the company reduce its second lien debt and increase flexibility. The deal limited Oaktree's total investment to 19.99 percent.

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