EasyJet Directors Recommend Apollo Cash Offer, Scheme Expected Effective Before Q1 2027 Ends; Multiple Unions Across Europe Raise Ownership And Control Concerns

AWLC Announces Pricing of $750.0 Million of 6.250% Fixed-to-Floating Rate Senior Notes Due 2032

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 Maintains Buy on Apollo Global Management, Lowers Price Target to $163

UBS analyst Michael Brown maintains Apollo Global Management (NYSE:APO) with a Buy and lowers the price target from $172 to $163.

Shares of private credit-related companies are trading lower following mixed financial results from financial peers. Results from JPMorgan, Citigroup, Goldman Sachs and Wells Fargo suggest that the dealmaking and trading boom that fueled record first-half earnings may be slowing, as bond market volatility and equity market swings weighed on activity, particularly in late September, raising concerns about earnings momentum in the coming quarters.