Investor Presentation November 2023
Summary of Oaktree A-2 Preferred
Investment Summary
Post-IPO Terms
Governance
. In April 2020, Oaktree
Capital purchased $175mm
of Series A-2 Preferred
Equity to fund the cash
portion of the CTEH
purchase price
•
No fixed maturity date
Repayable in cash at Company's
option (subject to certain
minimum amounts and returns)
• 9.0% annual cash dividend,
payable quarterly
⚫ Beginning in April 2024, a
portion of principal balance
becomes convertible into
common stock during each
of years 4, 5 and 6 at
Oaktree's option (converts.
at 15.0% discount to market)
Includes mandatory notice
period prior to conversion to give
Montrose the option to repay in
cash
Oaktree has the right to
appoint one representative
on the Montrose board of
directors while A-2
Preferred Equity remains
outstanding
© 2023 Montrose Environmental Group, Inc. Proprietary. | 24View entire presentation