Quicksilver Inc. (fka ZQKSQ)

[otc77]

A banker has told a US court that Oaktree may consider combining Quiksilver with Billabong "at some point."

Speculation that two of the world's largest action sports brands may eventually get together is rapidly gaining momentum as Quiksilver fights for its survival in the USA.
US investment company Oaktree Capital, which owns 19 per cent of Billabong and much of its debt, is set to emerge with control of Quiksilver as part of a $US175 million refinancing of the beleaguered retailer's US business.

?One of Quiksilver's bankers, Durc Savini from Peter J. Solomon Co, told a US court that Oaktree may consider combining Quiksilver with Billabong "at some point."


Oaktree acquired an 18.7 per cent stake in Billabong in 2013 as part of a $350 million debt and equity refinancing deal with fellow US investment company Centerbridge Partners. Billabong is also seeking to refinance about $US200 million of debt held by Oaktree and Centerbridge.