Silence is not golden: loan investors fret over terms in Apollo-sponsored deals

By Michelle D'Souza

Leveraged loan investors have expressed concern over terms in some Apollo-sponsored deals, which allow the borrower to incur additional first lien debt that not only matures earlier than the existing debt, but also does not trigger “most favoured nations” (MFN) protection for the outstanding debt

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TAGS: North America Leveraged loans CLO