Oaktree Capital Management has agreed to invest $225 million in Diamond Foods (NASDAQ: DMND), the packaged food company behind Kettle Chips, Emerald snack nuts, Pop Secret popcorn and Diamond of California nuts. The new capital will help the company strengthen its position in the walnut industry, grow its snack business and reduce its debt. The investment consists of newly-issued senior notes and warrants to purchase about 4.4 million shares of Diamond common stock.
