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Doral Renewables Secures Additional $100 Million Letter of Credit Facility
Prnewswire· 2025-05-01 16:17
PHILADELPHIA, May 1, 2025 /PRNewswire/ -- Doral Renewables LLC ("Doral") has successfully closed a $100 million corporate Letter of Credit facility. The Letters of Credit are expected to primarily be used for new interconnection and power purchase agreement obligations incurred during development of the Company's projects. This new facility is additive to the $185 million of existing corporate Letter of Credit capacity which Doral maintains. HSBC acted as Sole Arranger and Issuing Bank for this new facility ...
Apollo Closes on $8.5 Billion for Accord+ Strategy, including $4.8 Billion for Second Vintage Fund
GlobeNewswire· 2025-05-01 13:00
Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Apollo in connection with the closing of the Accord+ II Fund. About Apollo Brings Total Assets Raised Across Hybrid and Opportunistic Credit Business to $40 Billion NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced it has closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II ("the Fund") as well as separately managed accounts and related structures. The successfu ...
West Completes Sale of Notified to Equiniti
GlobeNewswire· 2025-05-01 12:30
ISLANDIA, N.Y., May 01, 2025 (GLOBE NEWSWIRE) -- West Technology Group, LLC (the "Company" or "West") has completed the sale of its Notified business to Equiniti (EQ), a global leader in shareholder services and advisory firm. These forward-looking statements speak only as of the date on which the statements were made. West undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by ...
Apollo Closes its Debut Secondaries Fund at $5.4 Billion, Exceeding Target
GlobeNewswire· 2025-05-01 12:00
Brings Total Capital Raised Across Apollo S3 Platform to Nearly $10 Billion Since 2022 LaunchNEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the final close of Apollo S3 Equity and Hybrid Solutions Fund I (“ASEHS” or the “Fund”), the flagship equity secondaries drawdown strategy of Apollo’s Sponsor and Secondary Solutions (S3) platform, with approximately $5.4 billion in commitments. The final closing exceeded the target, reflecting strong support from a diverse group of global ...
Tenneco Announces Completion of Strategic Investment to Accelerate Growth
GlobeNewswire News Room· 2025-04-30 20:30
NORTHVILLE, Mich., April 30, 2025 (GLOBE NEWSWIRE) -- Tenneco LLC (“Tenneco”) today completed the previously announced strategic investment into its Clean Air and Powertrain businesses from Apollo Fund X, with American Industrial Partners (AIP) investing alongside. This marks a significant milestone in Tenneco’s continued transformation and positions the company for its next chapter of growth as a leading global supplier in the mobility sector. Tenneco will continue to operate as one unified company, with n ...
Apollo to Present at the 2025 Barclays Americas Select Franchise Conference
GlobeNewswire· 2025-04-30 20:05
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the Barclays Americas Select Franchise Conference on Wednesday, May 7, 2025 at 8:30 am EDT. A live webcast of the event will be available on Apollo’s Investor Relations website at ir.apollo.com. For those unable to join live, a replay will be available shortly after the event. About Apollo Apollo is a high-growth, global alternative asset manager. ...
Higher Expenses to Hurt Apollo's Q1 Earnings, AUM Growth to Aid
ZACKS· 2025-04-29 17:20
Apollo Global Management, Inc. (APO) is scheduled to announce first-quarter 2025 results on May 2, before market open. APO’s quarterly earnings and revenues are expected to have increased from the year-ago reported levels.In the last reported quarter, Apollo’s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by a rise in assets under management balances, along with a decline in expenses. However, lower revenues acted as headwinds in the quarter.APO’s earnings beat the consensus ...
Apollo Funds to Acquire Pan-European, Highly Interconnected Colocation Data Center Business from STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure
GlobeNewswire· 2025-04-29 07:00
Core Viewpoint - Apollo has agreed to acquire the European colocation business developed and managed by STACK Infrastructure in a carve-out transaction, aiming to leverage its expertise and resources to accelerate growth in the data center sector [1][3]. Company Overview - The Company consists of seven data center assets located in five key European markets: Stockholm, Oslo, Copenhagen, Milan, and Geneva, catering to a diverse range of blue-chip enterprise clients including telecommunications carriers, IT services companies, and financial institutions [2]. Strategic Intent - The CEO of the Company expressed enthusiasm about partnering with Apollo to enhance growth as a standalone entity, emphasizing the potential to capitalize on industry tailwinds and deliver greater value to stakeholders [3]. - Apollo's partner highlighted the strong demand for data center infrastructure, particularly for high-quality, interconnected colocation businesses, viewing this acquisition as a long-term growth opportunity [3]. Operational Focus - STACK EMEA's CEO noted the establishment of a dedicated enterprise colocation business unit to meet the specialized needs of the hyperscale sector while ensuring continued support for former enterprise colocation clients [3]. - The management team and all employees from the EMEA colocation business are expected to transition with the Company, which will undergo rebranding and will no longer use the STACK Infrastructure name [3]. Transaction Details - The acquisition is subject to certain closing conditions, including regulatory approvals, with Latham & Watkins LLP serving as legal counsel to the Apollo Funds [4].
The More It Underperforms, The More I Buy
Seeking Alpha· 2025-04-27 16:00
Group 1 - Markets have experienced significant growth over the past several years, despite a challenging start in 2025, primarily driven by the rise of ChatGPT and strong performance from AI infrastructure companies like Nvidia [1] - Nvidia has been highlighted as a key player in the AI infrastructure sector, contributing to the overall market boom [1] Group 2 - The company invests substantial resources, including thousands of hours and over $100,000 annually, into identifying profitable investment opportunities [2] - The investment strategy has garnered over 180 five-star reviews from members, indicating a positive reception and effectiveness of the approach [2]
TeleVox Unveils End-to-End Call Analytics Solution Insights360
Newsfilter· 2025-04-23 13:00
Core Insights - TeleVox has launched Insights360, a cloud-based analytics solution designed to enhance patient call experiences by analyzing every aspect from dial to disconnect [1][3] - The technology records calls within the telecom network and generates patient-centered data, focusing on the customer's perspective rather than the agent's [3][4] Product Features - Insights360 provides customized analytics to identify specific challenges in healthcare organizations, enabling smarter self-service and reduced operational costs [4] - The solution offers actionable insights, such as identifying network connectivity issues, reasons for agent transfers, and analyzing repeat calls for better resolution [4] Industry Context - TeleVox serves over 7,000 healthcare organizations, integrating its patient relationship management platform with electronic health records to facilitate two-way interactions [6] - The company has been in operation for 30 years, focusing on improving healthcare communication and reducing the operational burden on staff [6][7] Upcoming Events - TeleVox will showcase Insights360 at the Becker's Healthcare Annual Meeting from April 28 to May 1 in Chicago, where attendees can participate in live demos and workshops [5]