Veytics Intelligence
2026-11-02 · Yahoo

Apollo Flexes Underwriting Power With $9.6 Billion ADT Debt Deal

(Bloomberg) -- Apollo Global Management Inc. has provided about $9.6 billion of debt commitments to support Thrive Holdings' acquisition of home security provider ADT Inc., one of the starkest examples yet of the firm muscling in on large investment banks' turf. Most Read from Bloomberg Ray-Ban Heir Rejects $3.9 Billion Offer for Stake in Family Firm Wall Street Eyes Biggest Treasury Sales Overhaul in Years Anthropic Commits to $895 Billion in Spending as Mega-IPO Nears Stocks, Bonds Rise as Oil Tumbles on US-Iran Hopes: Markets Wrap Wash Trades and 5,000% Gains: Inside Indonesia's MSCI Hustle The alternative asset manager plans to bring in banks to co-underwrite the debt, which would then be sold to institutional investors in the high-yield bond...

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