PK Airfinance, Apollo To Buy $920 Mln Portfolio Of Secured Aviation Loans From Standard Chartered
(RTTNews) - PK Airfinance, an aviation lending platform backed by Apollo Global Management, LLC (APO), agreed on Monday to acquire the majority of an approximately $920 million portfolio of secured aviation loans from Standard Chartered plc (SCBFF.PK, STAC.L, STAN.L), with Apollo affiliates agreeing to purchase the balance of the portfolio.
The sale and transfer of the loans is subject to customary closing conditions and is expected to close year-end 2023.
Apollo's aviation business, including the PK Airfinance platform, serves as a go-to lender in the industry with over $40 billion of commitments to-date and current loan portfolio of $4 billion.
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Standard Chartered Q1 Profit Rises, Backs FY24 Outlook; Stock Up
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U.S. Silica To Be Taken Private By Apollo In $1.85 Bln Deal
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195 days ago
Standard Chartered Stock Up On Q4 Profit, Dividend Hike, $1 Bln Buyback
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251 days ago
Apollo Global Management Slips To Loss In Q2
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819 days ago
No Change For Malaysia Manufacturing PMI - S&P Global
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