Reported Earlier, 'Anthropic secured highest junk credit rating in June' - FT Exclusive
https://www.ft.com/content/5a310aee-f555-4266-874c-b1b4db20186d?syn-25a6b1a6=1
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Michael Burry warns of a private equity 'shell game' where giants like Apollo, KKR, and Blue Owl use life insurers to socialize credit risk.
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https://corporate.easyjet.com/investors/offer-from-apollo/
ATLAS SP Partners, majority owned by Apollo funds, announced the pricing of $750 million in 6.250% fixed-to-floating rate senior notes due 2032 through its subsidiary Atlas Warehouse Lending Company. The notes will convert to a floating rate based on SOFR plus 2.534% spread after November 2031. Proceeds will fund assets, pay fees, and support general corporate purposes including potential debt repayment. The offering is expected to close on October 21, 2026.
UBS analyst Michael Brown maintains Apollo Global Management (NYSE:APO) with a Buy and lowers the price target from $172 to $163.
This has not been a fun stretch for income investors. Treasury yields have jumped, and prices have fallen across preferred stocks, mortgage securities, closed-end funds and other investments people own for
Bill Ackman is executing a plan to transform Howard Hughes Holdings (HHH) into a Berkshire Hathaway-style insurance holding company combined with an asset manager similar to Brookfield and Blackstone. HHH acquired Vantage for $2.1 billion and plans to invest $2.5-3 billion into the insurance unit over five years, with Pershing Square managing the portfolio. While the stock has pulled back to near book value after initial enthusiasm, the article cautions that success is uncertain and investors should wait for the excitement to subside before investing.