Apollo's ATLAS SP Forms $5B Strategic Partnership With BNP Paribas
APOApollo Management(APO) ZACKS·2024-09-23 23:01

Apollo Global Management, Inc. (APO) , its subsidiary — ATLAS SP Partners (“ATLAS”) — and BNP Paribas (BNPQY) announced a strategic financing and capital markets collaboration.According to the terms of the collaboration, BNP Paribas will make a substantial day-1 financing commitment of $5 billion, which is likely to surge over time.Along with a capital markets partnership to support securitizations procured by Apollo and ATLAS issuer clients, the commitment supports investment-grade, asset-backed credit gen ...