NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and The Travel Corporation (TTC) today announced they have entered into definitive agreement for Apollo-managed funds (the “Apollo Funds”) to acquire TTC, which has been privately owned and operated for more than a century. The transaction is comprised of 18 leading brands, including Trafalgar, a leading escorted tour operator; Uniworld Boutique River Cruises, a luxury all-inclusive river cruise line; Contiki, youth travel specialist tour compan ...

Core Insights - PK AirFinance has successfully closed its inaugural aircraft loan asset-backed securitization, PK ALIFT LOAN FUNDING 3 Series 2024-1, issuing over $622 million in notes [1][2] - This marks the first commercial aircraft loan ABS issuance in 2024 and the first AAA-rated aviation ABS public issuance in over 20 years, attributed to the quality of the asset portfolio and management team [1][2] Company Overview - PK AirFinance is a specialized aircraft and aircraft engine lending business with extensive expertise in aviation finance, offering comprehensive origination, underwriting, structuring, and syndication capabilities [3] - The company is an affiliate of Apollo and aims to diversify its financing sources while supporting its integrated aviation platform's demand for directly originated aviation assets [2] Transaction Details - The issuance was oversubscribed and included broad participation from capital markets participants, including third-party insurers [2] - The notes are secured by a portfolio of 122 senior-secured aviation loans across various aircraft types, including 70 narrowbody, 6 widebody, 30 freighter, 7 engines, and 9 regional jet aircraft, involving 52 unique obligors [2] - Apollo Global Solutions served as the sole lead arranger, with multiple financial institutions acting as joint lead bookrunners [2]

Core Insights - PK AirFinance has successfully closed its inaugural aircraft loan asset-backed securitization, PK ALIFT LOAN FUNDING 3 Series 2024-1, issuing over $622 million in Notes [1][2] - This issuance is notable as it represents the first AAA-rated aviation ABS public issuance in over 20 years, attributed to the quality of the asset portfolio and the management team's capabilities [1][2] Company Overview - PK AirFinance is a specialized aircraft and aircraft engine lending business with extensive expertise in aviation finance, offering comprehensive origination, underwriting, structuring, and syndication capabilities [3] - The company aims to diversify its financing sources and enhance its ability to provide competitive financing to airline and lessor clients through this transaction [2] Transaction Details - The issuance was oversubscribed and included participation from various capital market participants, including third-party insurers [2] - The Notes are secured by a portfolio of 122 senior-secured aviation loans, covering 70 narrowbody aircraft, 6 widebody aircraft, 30 freighter aircraft, 7 engines, and 9 regional jet aircraft across 52 unique obligors [2] Management Commentary - The CEO of PK AirFinance expressed excitement about the transaction, highlighting its strategic significance and the strength of the collateral pool [2] - The transaction is seen as a testament to PK's track record in aviation finance and its comprehensive servicing capabilities [2]

KNOX, Ind., July 09, 2024 (GLOBE NEWSWIRE) -- Doral Renewables celebrated today, July 9th, the upcoming beginning of commercial operations of its Mammoth North Solar project, a major segment of the Mammoth Solar project. The company was joined by Indiana’s Secretary of Commerce David Rosenberg, landowners, representatives from SOLV Energy, Nextracker, the Solar Energy Industries Association (SEIA), the American Clean Power Association (ACP), and other industry leaders and project stakeholders. The 400 MW Ma ...

Core Insights - Doral Renewables is set to commence commercial operations of its Mammoth North Solar project, which will be the largest solar installation in Indiana, providing sustainable energy to 75,000 households annually [1] - The Mammoth North Solar project is part of a larger 1.3 GW Mammoth Solar complex, emphasizing the company's commitment to renewable energy development [1] - The project has significant social and economic impacts on the local community, benefiting various industries and businesses [2] Company Overview - Doral Renewables is a Philadelphia-based renewable energy developer with a solar and storage development portfolio exceeding 13 GW, including 1.3 GW under construction [4] - The company operates in 18 states and across ten electricity markets, showcasing its extensive reach in the renewable energy sector [4] - Doral Renewables has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers, indicating strong financial backing and market presence [5] Project Details - The Mammoth North Solar project utilizes agrivoltaics, with over 1,500 sheep for vegetation management, demonstrating a dual-use approach that benefits local agriculture [3] - The project is designed to supply clean, renewable power to the grid while relying on American labor and materials for its construction [3] - Local partnerships have created job training and learning opportunities for area workers and students, contributing to long-term economic benefits for the community [3] Industry Impact - Indiana is positioning itself as a leader in clean energy development, with the Mammoth Solar project contributing to job creation and showcasing local innovation [3] - The collaboration between Doral Renewables and local stakeholders illustrates a model for addressing global energy challenges through sustainable practices [3] - The project is expected to generate millions of dollars in tax and economic payments for the county, enhancing local services and supporting landowners [3]

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) plans to release financial results for the second quarter 2024 on Thursday, August 1, 2024, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event. Apollo distributes its earnings releases via its website and email lists. Those interested in ...

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the second quarter 2024 on Thursday, August 1, 2024, before the opening of trading on the New York Stock Exchange. Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com. A replay will be available one hour after the event. Apollo distributes its earnings releases via its website and email lists. Those interested i ...

OMAHA, Neb., June 26, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management, has unveiled a new TeleVox Website Solution that is designed for practices to enhance their digital presence and boost revenue by keeping schedules filled. The TeleVox Website Solution builds on the company's decades-long history of website development by integrating all elements of a practice's digital marketing presence to reduce staff burden and help grow revenue. All webs ...

Core Insights - Apollo has published its Annual Sustainability Report, highlighting its commitment to sustainability and clean energy investments, with a deployment of $10 billion in 2023 towards these initiatives, aiming for a total of $50 billion by 2027 [1][2] - The company has increased its grants through the Apollo Opportunity Foundation to $5.2 million, up from $3 million the previous year, supporting 22 organizations [1] - Apollo's leadership emphasizes the transition to a cleaner economy as a significant strategic business opportunity, reinforcing its position as a flexible capital provider [2] Sustainability Strategy - The report provides a comprehensive overview of Apollo's sustainability strategy, including updates on its environmental, social, and governance (ESG) data reporting processes [2] - Apollo's sustainability efforts are guided by frameworks such as the Sustainable Accounting Standards Board (SASB), Global Reporting Index (GRI), UN Sustainable Development Goals (UN SDGs), and the Task Force on Climate-Related Financial Disclosures (TCFD) [2] Company Overview - Apollo is a global alternative asset manager with approximately $671 billion in assets under management as of March 31, 2024, focusing on providing excess returns across various investment strategies [3] - The company aims to align the interests of clients, businesses, employees, and communities to create positive outcomes through innovative capital solutions [3]

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") today published its Annual Sustainability Report: Volume 15, "Driving a More Sustainable Future." The report details notable highlights from the past year and milestones for Apollo's sustainability program. Select examples include the firm's deployment, commitment or arrangement of $10 billion1 towards clean energy and climate investments across asset classes in 2023, advancing progress tow ...