Seeking Alpha

Apollo Global reportedly plans first bond sale

  • It's a good time to borrow, and Apollo (APO +3.8%) plans to offer $300M in 10-year notes, reports Bloomberg, with the funds being used to pay back a portion of a $1B term loan due in 2019.
  • Apollo's sale comes a week after P-E competitor KKR raised $500M of 30-year money (boosted from an initially planned $300M). Blackstone issued $500M of 30-year paper in April.
  • Previously: Companies rush to borrow, pt. 2
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