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0 0.00100829038763168 0.00100829038763168 -0.000336096795877225 -0.00235267757114042 -0.00358503248935702 -0.00492941967286576 -0.00705803271342141
Stock impact report

Citigroup Inks Deal to Form Private Credit Program With Apollo [Yahoo! Finance]

State Street Corporation (STT) 
Last state street corporation earnings: 4/17 07:38 am Check Earnings Report
US:NYSE Investor Relations: investors.statestreet.com
Company Research Source: Yahoo! Finance
APO have inked a deal for a subsidiary of Citigroup and certain affiliates of Apollo to establish a revolutionary $25-billion private credit, direct lending program. The program will initially focus on North America, potentially expanding to additional geographies. Both companies expect the program to finance approximately $25 billion of debt opportunities over the next several years, including corporate and financial sponsor transactions. Citigroup and Apollo anticipate robust client demand and the ability to extend the program beyond the initial $25 billion considerably. The program will include involvement from Mubadala Investment Company as Apollo's strategic partner and Apollo's subsidiary, Athene, both of which will have the opportunity to join commitments appropriate for their respective mandates. The partnership between the companies marks the largest to date in a string of tie-ups between banks and private credit managers. Earlier this month, State Street Corp. 's STT Show less Read more
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