Technology
Partners-Backed Eolo in Talks With Apollo Over Private Debt
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Deals Partners-Backed Eolo in Talks With Apollo Over Private Debt Italian internet provider Eolo SpA is in advanced talks with Apollo Global Management over a roughly €500 million ($574 million) private debt package to refinance its liabilities, according to people familiar with the matter. The funds would replace Eolo’s existing debt structure, said the people, who asked not to be identified because the information is private. Bloomberg reported earlier this year that Eolo was looking at...
Deals
Partners-Backed Eolo in Talks With Apollo Over Private Debt
Italian internet provider Eolo SpA is in advanced talks with Apollo Global Management over a roughly €500 million ($574 million) private debt package to refinance its liabilities, according to people familiar with the matter.
The funds would replace Eolo’s existing debt structure, said the people, who asked not to be identified because the information is private. Bloomberg reported earlier this year that Eolo was looking at options including private credit to address its upcoming maturities. The company has €375 million high yield bonds and a €140 million revolving credit facility, both coming due in 2028.