Redfin Corp Says Funds Managed By Apollo Capital Management, L.P. And Its Affiliates Have Agreed To Commit Up To $250M Of Financing For Redfin
Portfolio Pulse from Benzinga Newsdesk
Redfin Corp has secured a commitment of up to $250M in financing from funds managed by Apollo Capital Management, L.P. and its affiliates, according to an SEC 8k filing.
October 23, 2023 | 8:10 pm
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Redfin Corp has secured a significant financing commitment from Apollo Capital Management, which could bolster its financial position and potentially drive growth.
The commitment of up to $250M in financing from Apollo Capital Management is a significant boost for Redfin Corp. This could strengthen its financial position, potentially enabling it to invest in growth initiatives, which could positively impact its stock price in the short term.
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