Oaktree Capital to Take Over Panrico

Oaktree Capital has presented a debt restructuring plan for Spanish doughnut maker Panrico, Reuters reported Thursday. The plan includes a write-down on Panrico’s loans, to 60 million euros ($79 million) from 350 million euros. Another 115 million euro would be written off completely, and Oaktree would put 105 million euro into the company to keep business running, Reuters wrote.

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