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Apollo to Syndicate Term Loan B for GE EFS Portfolio Purchase

Nov 27, 2018 - Power, Finance and Risk

The three banks that financed Apollo Global Management's purchase of a portfolio of renewable, gas-fired and midstream energy assets fromGE Energy Financial Serviceshave launched the debt into syndication in the term loan B market.

RBC Capital Markets is left lead on the $275 million seven-year loan, with Bank of Montreal and Goldman Sachsacting as co-lead arrangers.

The deal was launched today with initial price talk pegged at 425 basis points over Libor and with a proposed original...