The Wall Street Journal: Apollo goes on the road to appease debt investors

Apollo Global Management LLC APO, +1.33%  is embarking on an unusual campaign to improve its image with debt investors after a series of spats between the private-equity firm and creditors in some of its troubled deals.

Apollo is preparing to meet with big debt investors including mutual fund managers in several cities over the next few months to ease concerns that the firm protects its investments in troubled companies at the expense of creditors, according to people familiar with the matter.

In the meetings, which are slated to begin in May, Apollo will try to persuade investors that the debt issued to fund its corporate buyouts is a good investment, the people said. The ongoing restructuring of casino owner Caesars Entertainment Corp., which Apollo bought in 2008 with fellow private-equity firm TPG, angered creditors who felt burned by the firm’s moves.

Read an expanded version of this article at WSJ.com.

Filed in: Top News Tags: 

You might like:

Tesla stock sinks after Elon Musk describes his ‘excruciating year’ in NYT interview Tesla stock sinks after Elon Musk describes his ‘excruciating year’ in NYT interview
Market Snapshot: Dow logs highest close since February on optimism over trade talks Market Snapshot: Dow logs highest close since February on optimism over trade talks
Bond Report: Treasury yields hold ground, but end week higher as U.S.-China trade tensions ease Bond Report: Treasury yields hold ground, but end week higher as U.S.-China trade tensions ease
Personal Finance Daily: What you should know about recording your coworkers and an important tax change Personal Finance Daily: What you should know about recording your coworkers and an important tax change
NewsWatch: Best stock investing strategy now is just to ‘stay home’ NewsWatch: Best stock investing strategy now is just to ‘stay home’
New Arm designs help Samsung and Qualcomm compete with Apple and Intel New Arm designs help Samsung and Qualcomm compete with Apple and Intel
The questions every investor should ask about Trump’s proposal to radically change how companies report earnings The questions every investor should ask about Trump’s proposal to radically change how companies report earnings
The Moneyist: I pay all my mom’s expenses, but she wants her estate split equally between her children—should I reimburse myself? The Moneyist: I pay all my mom’s expenses, but she wants her estate split equally between her children—should I reimburse myself?
© 1496 Stock Investors News. All rights reserved. XHTML / CSS Valid.