03.01.10
SGD Group, a global manufacturer of high-end glass containers for the perfume and pharmaceutical industries, and Oaktree Capital Management Ltd., recently announced that they have reached a unanimous agreement with all stakeholders to strengthen the financial structure of SGD and massively decrease its debt. The agreement was also approved by the French legal authorities. The agreement anticipates Oaktree taking a majority stake of as much as 80% in SGD, with the remaining 20% being held by a pool of creditors.
