Billabong International Limited - Panel Publishes Reasons

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The Panel today published the reasons for its decision on an application dated 18 July 2013 from Oaktree Capital Management L.P. and Centerbridge Partners L.P.1 in relation to the affairs of Billabong International Limited.

Details of the Panel's decision can be found at TP13/38.

The Panel's reasons for its decisions are on the Panel's website.

The sitting Panel was David Friedlander (sitting President), Richard Hunt and John Story.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597

1 On behalf of their affiliated funds Oaktree Principal Fund V, L.P., Oaktree Principal Fund V (Parallel), L.P. and Oaktree PF V (Cayman) 3 CTB Ltd, and CCP II Acquisition Luxco and Centerbridge Special Credit Partners II, L.P.