May 9 (Reuters) - Blue Sky Alternative Investments Ltd BLA.AX :
* UPDATES ON COVENANTS UNDER CONVERTIBLE NOTE FACILITY WITH OAKTREE CAPITAL MANAGEMENT, L.P.
* REVIEW CONFIRMED THAT CO WAS IN BREACH OF MINIMUM RECURRING CASH EBITDA COVENANT AS AT MARCH 31, 2019
* IN DISCUSSIONS WITH OAKTREE TO VARY/RESTRUCTURE COVENANTS AND NO AGREEMENT HAS BEEN REACHED AT THIS STAGE