Redfin shares are trading higher 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 has led to a rise in Redfin's share prices.
October 23, 2023 | 8:20 pm
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Redfin's shares are trading higher after securing up to $250 million in financing from Apollo Capital Management.
The commitment of up to $250 million in financing from Apollo Capital Management is a positive development for Redfin. This additional financing could help the company expand its operations, leading to potential growth. As a result, investors are reacting positively, leading to a rise in Redfin's share prices.
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