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Stock impact report

Glenfarne Group Announces up to $700 Million in New Financings to Fund Power Infrastructure Investments in the Americas

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Glenfarne Group, LLC (“Glenfarne” or the “Company”), a developer, owner-operator and industrial manager of energy and infrastructure assets, today announced it has secured up to $700 million in capital for its subsidiary, EnfraGen, LLC (“EnfraGen”), to fund new investments in the Americas. EnfraGen focuses on the development, acquisition and operation of high-value, long-lived power and power infrastructure assets in the Americas. The new financings will fund the growth of two EnfraGen subsidiaries, Prime Energía SpA (“Prime Energía”) and Fontus Hydro, LLC (“Fontus Hydro”). Prime Energía will use the proceeds to fund the construction of backup power plants in Chile and refinance existing debt. Fontus Hydro will use the proceeds to acquire three run-of-river hydroelectric power plants in Panama. With these new investments, EnfraGen’s consolidated portfolio of operational and co Show less Read more
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