Apollo Earns $14B from Intel Plant Sale, Private-Credit Fund at 11.2% Discount
Intel paid $14 billion to reacquire half of its Irish plant from Apollo Global Management while forecasting a 92% Q1 EPS drop to $0.01 on $12.4 billion revenue. Liberty All-Star Growth Fund trades at an 11.2% NAV discount with an 8.5% yield, reflecting stability in private-credit markets relevant to Apollo’s business.
1. Intel Reacquires Irish Plant from Apollo
Intel paid $14 billion to repurchase a 50% stake in its Irish fabrication plant previously sold to Apollo Global Management. The transaction provides Apollo with significant liquidity from its infrastructure investment, supporting its capital deployment and demonstrating its ability to realize value on industrial assets.
2. Private-Credit Vehicle Discounts Highlight Market Sentiment
Private credit default rates remain near multi-year lows even as liability management exercises decline, indicating underlying market strength. Funds such as Liberty All-Star Growth Fund trade at an 11.2% NAV discount with an 8.5% yield, signaling cautious investor sentiment and potential selective opportunities for Apollo’s private-credit platform.