Apollo Global Management Archives

Avaya Holdings Enters into Restructuring Support Agreement with Secured Lenders

Avaya Holdings, a provider of solutions to enhance and simplify communications and collaboration, entered into a restructuring support agreement with overwhelming support of more than 90% of the company’s secured lenders.

MidCap Financial Trust Provides $50MM Credit Facility to Aterian

Aterian signed an asset-backed credit facility with MidCap Financial Trust. The credit facility has a three-year term and gives Aterian access to up to $50 million in total credit.

December 28, 2021 Apollo Global Management | Aterian | Garrett Fletcher | Midcap Financial Trust | Yaniv Sarig Phil Neuffer

Apollo-Led Group to Become Majority Owners of Restructured Riverbed Technology

Riverbed Technology entered into a restructuring support agreement regarding the terms of a financial restructuring. Upon consummation of the recapitalization, a group of institutional investors led by Apollo Global Management will become the majority owners of the company.

MidCap and Lafayette Square Provide First Facility as Part of Apollo’s ‘Expanding Opportunity’ Approach

MidCap Financial, in alliance with Apollo Global Management, started a non-exclusive strategic capital relationship with Lafayette Square. In their first joint transaction, Lafayette Square and MidCap Financial Trust agreed to provide a senior secured facility to Zero Waste Recycling.

Mahidhar Joins Apollo as Operating Partner, Head of Data and Digital Transformation

Vikram Mahidhar joined Apollo Global Management as an operating partner to lead private equity data and digital transformation efforts within Apollo’s Portfolio Performance Solutions (APPS) platform.

Apollo Invests $500MM in Victory Park Capital’s Lending Strategy

Apollo Global Management and its entities, clients and funds managed by its affiliates committed to invest up to $500 million in senior secured credit facilities originated by Victory Park Capital, a global investment firm with a track record in asset-backed credit origination.

June 15, 2021 Apollo Global Management | Bret Leas | Jeff Schneider | Richard Levy | Victory Park Capital Ian Koplin

Farr Joins Apollo as Senior Partner to Lead Capital Solutions Activities

Craig Farr joined Apollo Global Management as a senior partner to lead the firm’s capital solutions activities. In this newly created role, Farr will spearhead Apollo’s centralized origination, structuring and distribution platform.

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

Global Eagle Completes Asset Sale, Emerges from Chapter 11

Global Eagle Entertainment completed the sale of substantially all of its assets to a group consisting of its first lien investors. Global Eagle’s new owners include certain funds managed by affiliates of Apollo Global Management, among others.

MidCap and Apollo Provide Up to $100MM Mezzanine Facility to LendingPoint

LendingPoint Consolidated, parent of the financial technology platform LendingPoint, closed an up to $110 million, five-year corporate mezzanine credit facility with new partners MidCap Financial Trust, managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment.

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