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.
Global Eagle Entertainment agreed to a definitive stalking horse asset purchase agreement for total consideration of $675 million with an entity led by lenders including Apollo Global Management and certain funds and accounts under management by BlackRock.
Itafos signed an agreement with a syndicate of lenders to provide a $165 million secured term loan. Cortland Capital Market Services served as administrative agent.