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Apollo Global Management provides $9.6 billion debt commitment for Thrive Holdings' acquisition of ADT Inc.

Bloomberg · ·by G4L

ADT
ADT ADT Inc
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  1. 1Apollo Global Management provided a $9.6 billion debt commitment.
  2. 2Thrive Holdings announced the acquisition of ADT's equity value of $7.6 billion.
  3. 3The total value of ADT is approximately $15.3 billion, considering ADT's existing debt of $7.8 billion.

So what's the key point?

Apollo Global Management has promised to lend $9.6 billion. This money will be used by Thrive Holdings to acquire ADT Inc.

Source Bloomberg · View original ↗

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