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Cash injection

Surfwear retailer Billabong has used $US300 million of a $US360 million funding package from its new private equity owners, Centerbridge Partners and Oaktree Capital, to repay a bridging facility. The company also said it had agreed to sell its Canadian retail chain West 49 to YM Inc for up to $C11 million.
By · 5 Nov 2013
By ·
5 Nov 2013
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Surfwear retailer Billabong has used $US300 million of a $US360 million funding package from its new private equity owners, Centerbridge Partners and Oaktree Capital, to repay a bridging facility. The company also said it had agreed to sell its Canadian retail chain West 49 to YM Inc for up to $C11 million.
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Frequently Asked Questions about this Article…

Billabong has utilized $US300 million from a $US360 million funding package provided by its new private equity owners, Centerbridge Partners and Oaktree Capital, to repay a bridging facility. This move is aimed at stabilizing the company's financial standing.

Billabong has utilized $US300 million from a $US360 million funding package provided by its new private equity owners, Centerbridge Partners and Oaktree Capital, to repay a bridging facility.

The new private equity owners of Billabong are Centerbridge Partners and Oaktree Capital. They have provided a significant funding package to support the company's financial restructuring.

The new private equity owners of Billabong are Centerbridge Partners and Oaktree Capital.

Billabong used $US300 million of the $US360 million funding package to repay its bridging facility, which is a strategic step to manage its debts effectively.

Billabong used $US300 million of the $US360 million funding package to repay its bridging facility.

Billabong has agreed to sell its Canadian retail chain, West 49, to YM Inc for up to $C11 million. This sale is part of the company's strategy to streamline operations and focus on core assets.

Billabong has agreed to sell its Canadian retail chain, West 49, to YM Inc for up to $C11 million.

Billabong decided to sell its Canadian retail chain, West 49, as part of its strategy to streamline operations and focus on its core business areas. This move is expected to help the company concentrate on its primary markets and improve financial health.

Billabong is selling its Canadian retail chain West 49 for up to $C11 million.

Billabong is selling its Canadian retail chain, West 49, to YM Inc for up to $C11 million. This transaction is part of the company's broader strategy to optimize its asset portfolio.

Billabong received a cash injection from private equity firms Centerbridge Partners and Oaktree Capital to repay a bridging facility and strengthen its financial position.

The purpose of the $US360 million funding package received by Billabong from Centerbridge Partners and Oaktree Capital is to repay existing debts, specifically a bridging facility, and to provide financial stability for the company moving forward.

The total amount of the funding package received by Billabong is $US360 million.

YM Inc is purchasing Billabong's Canadian retail chain, West 49, for up to $C11 million. This sale is part of Billabong's efforts to streamline its business operations.

The buyer of Billabong's Canadian retail chain, West 49, is YM Inc.