Potash miner Prospect Global Resources (PGRX -8%) says P-E firm Apollo Global (APO) will buy...

|About: Apollo Global Management, LLC (APO)|By:, SA News Editor

Potash miner Prospect Global Resources (PGRX -8%) says P-E firm Apollo Global (APO) will buy $100M of its debt to help it develop an Arizona mine believed to have the largest potash reserves in the U.S. The deal follows PGRX's 10-year potash supply deal earlier this week with a Chinese fertilizer company, which showed creditors it has customers in place and a guaranteed cash stream.