Eolo Nears €500 Million Apollo Debt Refinance for 2028 Maturities
Updated
Updated · Bloomberg · Jun 18
Eolo Nears €500 Million Apollo Debt Refinance for 2028 Maturities
1 articles · Updated · Bloomberg · Jun 18
Summary
Advanced talks center on a roughly €500 million private debt package from Apollo Global Management that would replace Eolo’s current debt structure, according to people familiar with the matter.
The refinancing is aimed at upcoming 2028 maturities, notably €375 million of high-yield bonds and a €140 million revolving credit facility.
Eolo had already been weighing options including private credit earlier this year as it sought to address those liabilities.
The discussions highlight continued use of private debt by European companies looking to reshape funding ahead of bond and bank-facility deadlines.