Reuters: Private Equity: Oaktree to invest $225 mln in Diamond Foods

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Oaktree to invest $225 mln in Diamond Foods May 23rd 2012, 13:18 Wed May 23, 2012 9:18am EDT May 23 (Reuters) - Diamond Foods Inc said on Wednesday that Oaktree Capital Management will invest $225 million in the company to recapitalize its balance sheet. The seller of Emerald nuts and Pop Secret popcorn said the investment will allow it to amend its credit agreement with existing lenders and execute its business plan, as well as pay down debt. The transaction is expected to close by the end of May.

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