Oaktree Ups Stake In Troubled Electronics Co. To 49 Percent

Law360, New York (November 21, 2012, 1:24 PM EST) -- Oaktree Capital Management LP has increased its stake in Pulse Electronics Corp. to 49 percent, according to a statement Wednesday from the Pennsylvania-based maker of magnets, antennas and other electronic components, which has lost 94 percent of its market value since mid-2011.

Oaktree will lend $75 million in exchange for 36.7 million newly issued shares of Pulse stock and warrants to buy up to 19.9 percent of a Pulse subsidiary, according to regulatory filings. The Los Angeles-based firm also swapped $27.7 million of its $50 million...
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