After dismissing a sale and initial public offering, Hostess Brands LLC still wants to reward its private-equity owners. It’s opting to pay them by levering up instead.
Two years after Apollo Global Management LLC and Metropoulos & Co. acquired the maker of Twinkies from liquidation, Hostess is selling $1.23 billion of term loans. Of that, $905 million will be used to pay a dividend to its shareholders, according to Standard & Poor’s. That’s more than double what they paid for the business… READ MORE
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Apollo Global Management
Apollo Global Management made a $1.5 billion bid to buy home
security company Protection 1. However, Protection 1 has other suitors,
including Ares Management and ADT Corp, according to Reuters.
The company that More…
Yesterday, Rupert Murdoch’s 21st Century Fox announced it has entered
into a preliminary agreement with Leon Black’s private equity firm
Apollo Global Management. Subject to a number of conditions, More…
– CEC Entertainment (NYSE: CEC) is a Texas based family dining and
entertainment company that operates 577 Chuck E. Cheese entertainment
centres for children, mostly around the United States. CEC today announced More…
– Gradual Process of Restoring Liquidity to US Housing Market Continues.
According to sources, Deutsche Bank is to provide a US$200 million facility to
Apollo Global Management More…
Private equity firm Apollo Global Management LLC is considering making a
bid for Portuguese lender Novo Banco SA, the bank carved out of Banco Espirito Santo
SA, Bloomberg reported, citing people familiar with More…
Leon Black’s Apollo Global Management is nearing a buyout of PetSmart Inc.
for about $8 billion in what would be the largest leveraged deal for a U.S.
company this year, Bloomberg reported on Saturday, More…
Apollo Global Management LLC is in advanced talks to acquire Presidio Inc.
in a deal that could value the information technology consulting company
at close to $1.3 billion, including debt, according to More…