Expedia is raising $3.2 billion as travel stalls during the coronavirus pandemic [CNBC]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: CNBC
ExpediaThe company is raising $1.2 billion in private placement of perpetual preferred stock and $2 billion in new debt financing. Funds managed by affiliates of Apollo Global Management and Silver Lake will provide the equity investment and will each get a spot on the company's board, according to Expedia. The funding is expected to close May 5.Expedia said it expects the new funds to strengthen its financial flexibility and liquidity position.The travel industry at large has been among the hardest hit during the Covid-19 crisis. Airports appear nearly empty and airlines and hotels alike have been forced to deal with a huge wave of cancellations.Like Expedia, Airbnb has recently raisedincluded equitystruggling to make wholeExpedia has signaled that it is already cutting back on costs. Chairman Barry Dillertold CNBC last weekSubscribe to CNBC on YouTube.WATCH: How the coronavirus pandemic disrupted the booming air travel industry
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News
- Tariffs and the $38 trillion national debt: Kevin Hassett sees ‘big reductions' in deficit while Scott Bessent sees a ‘shrinking ice cube' [Fortune]Fortune
- Apollo's Jim Zelter Looks Ahead to 2026 [Yahoo! Finance]Yahoo! Finance
- Apollo to Present at the Goldman Sachs 2025 US Financial Services ConferenceGlobeNewswire
- Blackstone, Apollo, KKR said to join U.K. private-credit stress test [Seeking Alpha]Seeking Alpha
- The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China [Fortune]Fortune
APO
Earnings
- 11/4/25 - Beat
APO
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- APO's page on the SEC website