PK Airfinance And Apollo Affiliates To Acquire $920M Portfolio Of Secured Aviation Loans From Standard Chartered; The Sale And Transfer Of The Loans Is Subject To Customary Closing Conditions And Is Expected To Close Year-End 2023
Portfolio Pulse from Benzinga Newsdesk
PK Airfinance and affiliates of Apollo Global Management (APO) are set to acquire a $920M portfolio of secured aviation loans from Standard Chartered. The sale and transfer of the loans are subject to customary closing conditions and is expected to close by the end of 2023.
August 28, 2023 | 12:28 pm
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Apollo Global Management is set to acquire a significant portfolio of aviation loans, which could potentially increase its assets and revenues.
The acquisition of a $920M portfolio of aviation loans by Apollo Global Management could potentially increase its assets and revenues. This could make the company more attractive to investors, potentially driving up its stock price in the short term.
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