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Athene and Funds Affiliated with Apollo to Sell AmeriHome to Western Alliance Bank


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Athene and Funds Affiliated with Apollo to Sell AmeriHome to Western Alliance Bank
Apollo Global Management, Inc.; Athene Holding Ltd., AmeriHome Mortgage Company, LLCFebruary 16, 2021 GMT
NEW YORK, HAMILTON, Bermuda, and THOUSAND OAKS, Calif., Feb. 16, 2021 (GLOBE NEWSWIRE) Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), Athene Holding Ltd. (NYSE: ATH) (“Athene”), and AmeriHome Mortgage Company, LLC, the nation’s third largest correspondent mortgage acquirer (“AmeriHome”), today announced the execution of a definitive agreement to sell AmeriHome to a subsidiary of Western Alliance Bancorporation (NYSE: WAL) (“Western Alliance”). ....

New York , United States , Hong Kong , Thousand Oaks , San Diego , City Of , United Kingdom , Neil Mehta , Noah Gunn , Los Angeles , Jim Belardi , Joanna Rose , Jim Furash , Peter Mintzberg , Sidley Austin , Alliance Bank , Global Head Of Corporate Communications , Guggenheim Securities , Apollo Global Management Inc , Exchange Commission , Wells Fargo Securities , Houlihan Lokey Capital Inc , Troutman Pepper Hamilton Sanders , Athene Holding Ltd , Securities Exchange , Alliance Bancorporation ,

Peabody Completes Exchange Transaction, Extends Substantial Portion of Near-Term Debt Maturities, Eliminates Net Leverage Ratio, Finalizes Surety Standstill Agreement


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ST. LOUIS, Jan. 29, 2021 /PRNewswire/  Peabody (NYSE: BTU) announced today that it has completed its previously announced exchange transaction following the tender of 86.86 percent of its senior secured notes due 2022.  The closing of this transaction extends a substantial portion of Peabody s debt maturities to December 2024, eliminates its net leverage ratio covenant and finalizes a four-year standstill with its surety bond providers.    
Closing of this transaction today is a significant milestone for the company and its many stakeholders, said Peabody President and Chief Executive Officer Glenn Kellow.  With the majority of our nearest term funded debt maturities now at the end of 2024, we believe these steps provide us with the additional flexibility needed to continue to pursue operational improvements as well as capture potential seaborne market improvements. ....

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