Oaktree’s Arcade Beauty Lenders Tap Advisers, Start Debt Talks

A group of Arcade Beauty lenders engaged FTI Consulting Inc. and Davis Polk & Wardwell to assess options for the cosmetics packaging company’s upcoming debt maturities, according to people with knowledge of the situation.

Some lenders have signed confidentiality agreements to begin discussions with the company and sponsor Oaktree Capital Management, said the people, who asked not to be identified because the matter is private.

Representatives for Arcade and Davis Polk didn’t respond to requests for comment. Representatives for FTI and Oaktree declined to comment.

Closely-held Arcade Beauty recently unveiled a business plan and engaged advisers at Rothschild & ...