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:

The Wall Street Journal: Justice Department investigating AT&T and Verizon over collusion claim The Wall Street Journal: Justice Department investigating AT&T and Verizon over collusion claim
The New York Post: ‘Smallville’ actress Allison Mack arrested for alleged role in sex-slave cult Nxivm The New York Post: ‘Smallville’ actress Allison Mack arrested for alleged role in sex-slave cult Nxivm
The Wall Street Journal: Students across U.S. walk out to mark 19th anniversary of Colorado school shooting The Wall Street Journal: Students across U.S. walk out to mark 19th anniversary of Colorado school shooting
NewsWatch: Stock-market investors brace for months of political uncertainty as midterms approach NewsWatch: Stock-market investors brace for months of political uncertainty as midterms approach
The Tell: Stock-market investors brace for months of political uncertainty as midterms approach The Tell: Stock-market investors brace for months of political uncertainty as midterms approach
Bond Report: Yield for 10-year U.S. government bond jumps to more than 4-year high Bond Report: Yield for 10-year U.S. government bond jumps to more than 4-year high
CryptoWatch: Cryptocurrencies erupt, prominent altcoins notch double-digit gains for the week CryptoWatch: Cryptocurrencies erupt, prominent altcoins notch double-digit gains for the week
Market Snapshot: Stocks end lower but eke out weekly gains Market Snapshot: Stocks end lower but eke out weekly gains
© 2018 Stock Investors News. All rights reserved. XHTML / CSS Valid.