EasyJet Directors Recommend Apollo Cash Offer, Scheme Expected Effective Before Q1 2027 Ends; Multiple Unions Across Europe Raise Ownership And Control Concerns
https://corporate.easyjet.com/investors/offer-from-apollo/
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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.
UBS analyst Michael Brown maintains Ares Management (NYSE:ARES) with a Neutral and lowers the price target from $142 to $134.
TD Cowen analyst Bill Katz maintains Ares Management (NYSE:ARES) with a Buy and lowers the price target from $163 to $159.
Blackstone raised about $1 billion for a continuation fund, allowing existing investors to exit while retaining the underlying loans.