Risky deal finances Apollo's media move

摘要

A Triple-C rated unsecured bond to help finance apollo's buyout of US television and radio assets from cox enterprises reached the finish line on Thursday, after banks downsized the deal and inched pricing wider. Apollo raised just over US$3.3bn of debt in the bond and loan market to finance a series of acquisitions of cox media croup's radio and television properties and northwest television which total about USS3.9bn.