Core Insights - Doral Renewables LLC has successfully closed a $100 million corporate Letter of Credit facility to support new interconnection and power purchase agreement obligations during project development [1][2] - This new facility adds to Doral's existing corporate Letter of Credit capacity of $185 million, indicating strong financial backing for its renewable energy projects [1][2] - HSBC acted as the Sole Arranger and Issuing Bank for this facility, reflecting a deepening relationship and confidence in Doral's execution capabilities in the renewable energy sector [2] Company Overview - Doral Renewables is a Philadelphia-based developer, owner, and operator of renewable energy assets, with a solar and storage development portfolio exceeding 16 GW, including 400 MW currently operational and 950 MW under construction [3] - The company operates in 20 states across seven electricity markets and has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers [3] - Doral emphasizes community engagement and aims to integrate agrivoltaics practices throughout its project pipeline, creating additional opportunities for farming communities [3] HSBC Overview - HSBC USA Inc. serves as a holding company for its subsidiaries, offering a full range of traditional banking products and services to various clients, including individuals, small businesses, and corporations [4] - HSBC Holdings plc, headquartered in London, is one of the world's largest banking and financial services organizations, with assets totaling approximately $3,017 billion as of December 31, 2024 [5]

Core Insights - Apollo has successfully closed $8.5 billion in total commitments for its Accord+ strategy, including $4.8 billion for Accord+ Fund II, bringing total assets for its hybrid credit business to approximately $40 billion [1][2]. Group 1: Fund Strategy and Focus - Accord+ II employs an opportunistic strategy that focuses on high-conviction investments across the credit spectrum, including private corporate credit and asset-backed finance [2]. - The Fund is expected to tactically allocate to high-quality investments at the top of the capital structure and secondary opportunities based on prevailing market conditions [2]. Group 2: Market Conditions and Investor Demand - Apollo's leadership believes that the current market conditions, characterized by higher interest rates and volatility, present an attractive environment for opportunistic credit investments [3]. - The strong investor demand for the latest vintage of the Accord+ series is attributed to Apollo's investment acumen and alignment with market opportunities [3]. Group 3: Investor Base and Future Plans - The close of Accord+ II reflects broad support from a diverse group of global investors, including pension funds, sovereign wealth funds, financial institutions, and family offices [3]. - Apollo plans to continue expanding its Accord strategy family within its hybrid business, including future funds and tailored credit solutions for institutional and wealth clients [3]. Group 4: Company Overview - Apollo is a global alternative asset manager with approximately $751 billion in assets under management as of December 31, 2024, focusing on providing clients with excess returns across various risk-reward spectrums [5].

Core Points - West Technology Group, LLC has completed the sale of its Notified business to Equiniti for a total price of $534.5 million, which includes an $80 million earnout [2] - The CEO of West expressed confidence that the combination of EQ and Notified will enhance the platform and drive innovation [2] - The net proceeds from the sale will be utilized in accordance with the company's credit facility and indentures governing its outstanding notes [2] Company Overview - West Technology Group, LLC is a cloud-based technology partner that provides AI-driven omnichannel solutions aimed at automating interactions and optimizing engagements [4] - The company specializes in digital patient relationship management and conversational AI solutions [4] - West is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. [4]

Brings Total Capital Raised Across Apollo S3 Platform to Nearly $10 Billion Since 2022 LaunchNEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the final close of Apollo S3 Equity and Hybrid Solutions Fund I (“ASEHS” or the “Fund”), the flagship equity secondaries drawdown strategy of Apollo’s Sponsor and Secondary Solutions (S3) platform, with approximately $5.4 billion in commitments. The final closing exceeded the target, reflecting strong support from a diverse group of global ...

Core Insights - Tenneco LLC has completed a strategic investment into its Clean Air and Powertrain businesses from Apollo Fund X, with American Industrial Partners also investing, marking a significant milestone in Tenneco's transformation and growth in the mobility sector [1][2][3] Company Overview - Tenneco will continue to operate as a unified company with no changes to its management team or strategic direction, enhancing access to capital for targeted growth strategies and innovation [2][3] - Since being acquired by Apollo Funds in late 2022, Tenneco has achieved top-quartile financial and operational performance, streamlined its organizational model, and invested in advanced capabilities [3] Investment Details - The new investment is expected to strengthen Tenneco's ability to drive both organic and inorganic growth while focusing on its core strategic priorities [3] - Advisors for Tenneco include Citigroup Inc. and Deutsche Bank Securities Inc., while Apollo Funds are advised by Barclays Capital Inc., Lazard, and PJT Partners LP [4] Industry Context - Tenneco is a leading designer, manufacturer, and marketer of automotive products, driving advancements in global mobility through its various groups, including DRiV, Performance Solutions, Clean Air, and Powertrain [5] - American Industrial Partners, with approximately $17 billion in assets under management, focuses on industrial businesses across various end markets, aiming to generate differentiated returns [7]

Core Insights - Apollo is a high-growth global alternative asset manager with a focus on providing excess returns across various risk-reward spectrums [2] - As of December 31, 2024, Apollo managed approximately $751 billion in assets [2] Company Participation - Martin Kelly, the Chief Financial Officer of Apollo, will participate in a fireside chat at the Barclays Americas Select Franchise Conference on May 7, 2025, at 8:30 am EDT [1] - A live webcast of the event will be available on Apollo's Investor Relations website, with a replay accessible shortly after the event [1]

Apollo Global Management, Inc. (APO) is scheduled to announce first-quarter 2025 results on May 2, before market open. APO’s quarterly earnings and revenues are expected to have increased from the year-ago reported levels.In the last reported quarter, Apollo’s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by a rise in assets under management balances, along with a decline in expenses. However, lower revenues acted as headwinds in the quarter.APO’s earnings beat the consensus ...

Core Insights - The Great Bend project in Meigs County, Ohio, will have a solar power generating capacity of 48 MWac, expected to power approximately 9,000 homes once operational [1] - The project will generate revenue through energy sales and renewable energy certificates via a long-term Power Purchase Agreement (PPA) with a major U.S. utility [1] - The project is anticipated to provide over $400,000 annually in new tax revenue for Meigs County [1] - Doral Renewables aims to achieve commercial operations for the Great Bend project by Q4 2025 [1] Company Overview - Doral Renewables is a Philadelphia-based developer, owner, and operator of renewable energy assets across the U.S., with a solar and storage development portfolio exceeding 16 GW [3] - The company currently has 400 MW in operation and 950 MW under construction, operating in 20 states and seven electricity markets [3] - Doral has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers [3] - The company emphasizes community engagement and aims to integrate agrivoltaics practices into its projects [3] Financial Partnerships - Fifth Third Bank is leading the tax equity financing for the Great Bend project, indicating a strong partnership with Doral [2] - Doral's CFO expressed excitement about the partnership, highlighting its importance for future growth and project execution [2]

Core Viewpoint - Apollo has agreed to acquire the European colocation business developed and managed by STACK Infrastructure in a carve-out transaction, aiming to leverage its expertise and resources to accelerate growth in the data center sector [1][3]. Company Overview - The Company consists of seven data center assets located in five key European markets: Stockholm, Oslo, Copenhagen, Milan, and Geneva, catering to a diverse range of blue-chip enterprise clients including telecommunications carriers, IT services companies, and financial institutions [2]. Strategic Intent - The CEO of the Company expressed enthusiasm about partnering with Apollo to enhance growth as a standalone entity, emphasizing the potential to capitalize on industry tailwinds and deliver greater value to stakeholders [3]. - Apollo's partner highlighted the strong demand for data center infrastructure, particularly for high-quality, interconnected colocation businesses, viewing this acquisition as a long-term growth opportunity [3]. Operational Focus - STACK EMEA's CEO noted the establishment of a dedicated enterprise colocation business unit to meet the specialized needs of the hyperscale sector while ensuring continued support for former enterprise colocation clients [3]. - The management team and all employees from the EMEA colocation business are expected to transition with the Company, which will undergo rebranding and will no longer use the STACK Infrastructure name [3]. Transaction Details - The acquisition is subject to certain closing conditions, including regulatory approvals, with Latham & Watkins LLP serving as legal counsel to the Apollo Funds [4].

Core Viewpoint - West Technology Group, LLC has appointed Sam Meckey as President of its WestCX business unit, aiming to enhance its leadership in technology-enabled services [1][4]. Group 1: Leadership Appointment - Sam Meckey has extensive experience in the healthcare industry, previously serving as CEO of UpHealth and leading the healthcare business at EXL Services [2]. - Meckey's background includes significant roles at Optum, where he managed a $1 billion global BPO/ITO business [2]. - His educational qualifications include a BS in Economics from the United States Naval Academy, an MS in Aerospace Operations from Embry-Riddle Aeronautical University, and an MBA from Harvard Business School [2]. Group 2: Business Unit Overview - WestCX provides AI-driven omnichannel solutions that enhance customer interactions and optimize engagement, leading to improved efficiency and customer satisfaction [3]. - The WestCX unit encompasses the TeleVox and Mosaicx brands, indicating a focus on innovative technology solutions [3]. Group 3: Company Background - West Technology Group is a cloud-based global technology partner, facilitating critical connections for clients worldwide [5]. - The company operates in multiple regions, including the United States, Canada, Europe, Asia Pacific, and Latin America, showcasing its global reach [6]. - West is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. [6].