Apollo Management, L.P. Presents at CVCA Annual Conference, May-21-2014 03:45 PM
May 20 14
Apollo Management, L.P. Presents at CVCA Annual Conference, May-21-2014 03:45 PM. Venue: The Westin, Ottawa, Ontario, Canada. Speakers: Joe Mattina, Head of Canadian Credit.
The Group of Companies Enters in to New Credit Agreement with JPMorgan Chase Bank, N.A as Administrative Agent
Dec 23 13
On December 18, 2013, Apollo Management Holdings, L.P. (“AMH”), Apollo Management, L.P., Apollo Capital Management, L.P., Apollo International Management, L.P., AAA Holdings, L.P., Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P., Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX L.P., ST Holdings GP, LLC and ST Management Holdings, LLC (collectively, the “Borrowers”), each a subsidiary of Apollo Global Management, LLC (“AGM”), entered into a new credit agreement (the “AMH Credit Facilities”) with JPMorgan Chase Bank, N.A., as administrative agent and as initial issuing bank with respect to letters of credit, and the lenders party thereto. The AMH Credit Facilities provide for a term loan facility to AMH (the “Term Facility”) that includes $750 million of term loan from third-party lenders and a $500 million revolving credit facility to all Borrowers (the “Revolver Facility”), in each case, with a final maturity date of January 18, 2019. In addition, the Borrowers may incur incremental facilities in respect of the Revolver Facility and the Term Facility in an aggregate amount not to exceed $500 million plus additional amounts so long as the Borrowers are in compliance with a maximum net leverage ratio. The AMH Credit Facilities do not require any scheduled amortization payments or other mandatory prepayments (except with respect to overadvances on the Revolver Facility) prior to the final maturity date, and the Borrowers may prepay the loans and/or terminate or reduce the revolving commitments under the AMH Credit Facilities at any time without penalty. The AMH Credit Facilities are guaranteed by each borrower (with respect to the obligations of all other Borrowers) and each other material operating group entity that owns or controls any of AGM’s core businesses. The AMH Credit Facilities contain affirmative and negative covenants (subject to certain exceptions and baskets) which limit the ability of the Borrowers, the guarantors and certain of their subsidiaries to, among other things, incur indebtedness and create liens. The interest rate on the term loans under the Term Facility as of the closing date was based on the adjusted LIBOR and the applicable margin was 1.125%. The undrawn revolving commitment fee was 0.125% as of the closing date. The net proceeds from the Term Facility were used to refinance the loans under AMH’s credit agreement dated as of April 20, 2007 and amended on December 20, 2010 (the “2007 AMH Facility”) and to pay fees and expenses associated with the AMH Credit Facilities. Borrowings under the Revolver Facility may be used for working capital and general corporate purposes, including, without limitation, permitted acquisitions. The 2007 AMH Facility and all related loan documents and security with respect thereto were terminated as of the closing date.
Apollo Management, L.P. Presents at Bank of America Merrill Lynch 2013 Leveraged Finance Conference, Dec-03-2013 10:50 AM
Nov 29 13
Apollo Management, L.P. Presents at Bank of America Merrill Lynch 2013 Leveraged Finance Conference, Dec-03-2013 10:50 AM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Joseph Moroney, Senior Portfolio Manager.