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Stock impact report

CommScope Inks Deal With Apollo, Monarch to Refinance $4 Billion of Debt [Yahoo! Finance]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Yahoo! Finance
of creditors led by Apollo Global Management and Monarch Alternative Capital to refinance $4.3 billion of debt coming due by 2026, the company said in a press release on Tuesday. Most Read from Bloomberg How California Sees the World, and Itself Hong Kong's Expat Party Hub Reshaped by Chinese Influx London's Tube Fares Are Set to Rise by 4.6% Next Year The company has commitments for a new $3.15 billion first-lien term loan and $1 billion in first-lien notes that will be used to repay around $1.3 billion of its unsecured bonds due next year and a $3 billion term loan B due in 2026, according to the statement. CommScope will also use the proceeds from a planned $2.1 billion asset sale to Amphenol Corp. to fully repay its secured notes coming due in 2026. The new term loans will mature in 2029, while the first-lien notes will mature in 2031, according to the release. Bloomberg reported last month that creditors including Apollo and Monarch entered into confidential talks wit Show less Read more
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