TPG, Oaktree, Anchorage ready to back Alinta recap
TPG Capital - through its TPG Opportunities Partners special situations vehicle and private equity funds - with Oaktree Capital and Anchorage Advisers are preparing a recapitalization deal for Australian power generator Alinta Energy, previously Babcock & Brown Power.
The plan would apparently involve a debt-for-equity swap and an A$300 million ($277 million) rights issue by the consortium, who already control some 35% of Alinta's A$2.7 billion ($2.43 billion) of...
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