Regulators turn down request to block Billabong’s refinancing deal

Australian regulators have refused to delay embattled surfwear company Billabong’s A$395m refinancing deal with private equity firm Altamont Capital Partners. The Takeover Panel has declined a request to halt the deal from Oaktree Capital Management and Centerbridge Partners, but said it will investigate the deal, said Reuters. Under the terms of the deal, Altamont will …