Molycorp Creditors Reach Deal With Oaktree

Creditors of rare-earths miner Molycorp reached a deal that will help speed up a bankruptcy exit and give most of the company’s value to senior lender Oaktree Capital Management. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

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Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa