Redfin shares are trading lower after the company announced that funds managed by Apollo Capital Management, L.P. and its affiliates have agreed to commit up to $250 million of financing for the company.
Portfolio Pulse from Benzinga Newsdesk
Redfin announced that funds managed by Apollo Capital Management have agreed to commit up to $250 million of financing for the company. This news has led to a decrease in Redfin's share price.
October 23, 2023 | 8:20 pm
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Redfin's share price has decreased following the announcement of a $250 million financing commitment from Apollo Capital Management.
The announcement of a large financing commitment often leads to uncertainty among investors, which can result in a decrease in share price. In this case, Redfin's share price has decreased following the announcement of a $250 million financing commitment from Apollo Capital Management.
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