Oaktree Capital Management placed an investment stake in Australian drilling services company DDH1 Drilling Pty Ltd, the drilling company announced in a statement on Sunday.

DDH1 describes its business as a provider of deep directional mineral drilling services used to identify and extend resources, reserves and mining plans for Australia’s exploration and mining industry. The terms of the investment were not disclosed.

Los Angeles-based Oaktree Capital is a global asset management firm that specializes in distressed debt and corporate debt with $100 billion of assets under management, according to the company’s website.

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