Citigroup And Apollo Team Up For $25B Private Credit, Direct Lending Program
Citi and Apollo said that they "expect strong client demand and maintain the flexibility to significantly expand the size of the program beyond the initial $25 billion."
Wall Street forms super teams to fight for $1.7 trillion private credit market
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Citigroup, Apollo Partner For $25B Private Credit Program, Expanding Corporate Lending Access
Citigroup and Apollo Global Management have agreed to a $25 billion private credit and direct lending program, starting in North America and potentially expanding. This aims to enhance access and funding certainty for strategic transactions,
Citigroup, Apollo Agree to $25 Billion Private Credit, Direct Lending Program
Citigroup and Apollo Global Management entered into an exclusive agreement to form a $25 billion private credit, direct lending program. The companies said the program will initially be rolled out in North America, but will potentially expand to further regions and beyond the initial $25 billion scope.
Citigroup Inks Deal to Form Private Credit Program With Apollo
Citigroup Inc. C and Apollo Global Management Inc. APO have inked a deal for a subsidiary of Citigroup and certain affiliates of Apollo to establish a revolutionary $25-billion private credit, direct lending program.
Citigroup Wants to Be One-Stop Debt Shop With Apollo Deal
Citigroup Inc. and Apollo Global Management Inc.’s “impossible to replicate relationship” is what brought the landmark private credit partnership to fruition, said Richard Zogheb, the bank’s global head of debt capital markets.
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