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PK Airfinance, Apollo To Buy $920 Mln Portfolio Of Secured Aviation Loans From Standard Chartered
(RTTNews) - PK Airfinance, an aviation lending platform backed by Apollo Global Management, LLC (APO), agreed on Monday to acquire the majority of an approximately $920 million portfolio of secured aviation loans from Standard Chartered plc (SCBFF.PK, STAC.L, STAN.L), with Apollo affiliates agreeing to purchase the balance of the portfolio.
The sale and transfer of the loans is subject to customary closing conditions and is expected to close year-end 2023.
Apollo's aviation business, including the PK Airfinance platform, serves as a go-to lender in the industry with over $40 billion of commitments to-date and current loan portfolio of $4 billion.
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Standard Chartered Q1 Profit Rises, Backs FY24 Outlook; Stock Up
Shares of Standard Chartered Plc were gaining more than 5 percent on the London Stock Exchange after the lending major reported Thursday higher profit in its first quarter, despite weak net interest income. The company further maintained its fiscal 2024 guidance.
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U.S. Silica To Be Taken Private By Apollo In $1.85 Bln Deal
Industrial minerals company U.S. Silica Holdings, Inc. (SLCA) announced Friday that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo (APO) in an all-cash transaction that values the Company at an enterprise value of approximately $1.85 billion.
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Standard Chartered Stock Up On Q4 Profit, Dividend Hike, $1 Bln Buyback
Shares of Standard Chartered Plc were gaining around 8 percent on London Stock Exchange after the British lending major on Friday reported significantly higher pre-tax profit in its fourth quarter, while it turned around to a profit on an after-tax basis. The results reflected higher operating income, even as net interest income was weak.
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551 дней спустя
Apollo Global Management Slips To Loss In Q2
Apollo Global Management Inc. (APO) reported Thursday a second-quarter net loss attributable to common stockholders of $2.05 billion or $3.53 per share, compared to net income of $649 million or $2.70 per share in the prior-year quarter.
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1119 дней спустя
Indonesia Shares Tipped To Open In The Green
The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.
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Hong Kong Shares Poised To End Two-Day Slide
The Hong Kong stock market has finished lower in consecutive trading days, tumbling almost 630 points or 2.5 percent along the way. The Hang Seng Index now rests just above the 25,200-point plateau although it may find traction on Thursday.
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China Stock Market May Stop The Bleeding On Thursday
The China stock market has finished lower in two straight sessions, retreating more than 80 points or 2.1 percent along the way. The Shanghai Composite Index now sits just above the 3,800-point plateau although it's due for support on Thursday.
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