Simpson Thacher Represents Oaktree Capital Management in Over $880 Million Equity Offering in New GS TrUE Market
05.31.07
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Simpson Thacher represented Oaktree Capital Management, LLC in its restructuring and offering of over $880 million of Class A Units of Oaktree Capital Group, LLC. The offering was made pursuant to Rule 144A and the Class A Units will be traded in a private, over-the-counter market for unregistered equity securities that has been developed by Goldman, Sachs & Co. (the “GS TrUE market”). Oaktree is the first issuer to have its securities traded on the GS TrUE market.
The Simpson Thacher team for this transaction included Tom Wuchenich, Jeremy Kell, Jeff Joseph and Amy Cano of the LA office; John Hart, Ben Applestein (Tax); Greg Grogan, Jeanne Annarumma and Mike Richman (ERISA); Dave Wohl (Investment Company Act/Investment Advisers Act issues); and Mark Lab (Broker/Dealer and Investment Advisers Act issues). Summer Associate Steven Erisch and paralegals Jia Jia Huang, Kelly Roberts and Fabiana Yu, all of the LA office, provided valuable assistance.