Platinum-Backed Oregon Tool, Creditors in Talks For Fresh Money

Platinum Equity-backed Oregon Tool Inc. and some of its creditors have reached a deal in principle that would reshape its debt load and provide the manufacturer with fresh money, according to people with knowledge of the matter.

• The chainsaw maker is now seeking to broaden support for the debt deal by asking more lenders to sign non-disclosure agreements to look at the proposal, said the people, who asked not to be identified discussing a private matter
• Negotiations have revolved around a below-par exchange and stricter loan covenants, they said
• The creditor group is working with law firm Davis Polk ...