Italian broadband provider Eolo SpA is in advanced discussions with Apollo Global Management over a roughly €500m private debt package aimed at refinancing its existing liabilities, according to a report by Bloomberg citing unnamed people familiar with the matter.
The proposed financing would replace Eolo’s current capital structure, which includes €375m of high-yield bonds and a €140m revolving credit facility, both due in 2028. The discussions reflect a broader shift among leveraged borrowers...
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