Apollo, Blackstone Discuss $35B Broadcom Financing as Yahoo Issues $1.6B at 11% Yield
APO•Apollo and Blackstone are reportedly negotiating a $35 billion financing package for Broadcom, potentially boosting Apollo’s fee income and assets under management. Separately, Yahoo raised $1.6 billion through an 11% bond issuance, highlighting robust demand for high-yield debt but offering minimal direct impact on Apollo’s operations.
1. Apollo and Blackstone in $35B Broadcom Financing Talks
Apollo Global Management and Blackstone are in discussions to provide a $35 billion debt financing package to support Broadcom’s pending acquisition, with Apollo’s credit funds set to underwrite a significant portion. The deal could generate hundreds of millions in arrangement and advisory fees for Apollo and boost assets under management if completed in coming months.
2. Yahoo Raises $1.6B via 11% Bonds
Yahoo issued $1.6 billion of high-yield bonds with an 11% coupon across multiple maturities, driven by strong investor demand for above-market debt instruments. While this showcases robust appetite for high-yield issuance, it has limited direct bearing on Apollo’s core private credit and alternative asset strategies.
