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Apollo Global Management LLC

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  • Feb 10- KKR& Co LP on Tuesday reported an 89 percent drop in fourth-quarter profit, much steeper than expected, becoming the latest alternative asset manager to report lower earnings because of plunging oil prices. Peer Apollo Global Management LLC said last week its fourth-quarter profit fell by 79 percent. Adding to its woes was U.S. oil and gas producer Samson...

  • Feb 4- Private equity firm Apollo Global Management LLC is exploring a sale or initial public offering of Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, according to people familiar with the matter. Apollo, which took Great Wolf private in 2012 for $703 million, is working with Goldman Sachs Group Inc and Deutsche Bank AG on a so-called...

  • Big money looking for smart plays on energy Wednesday, 4 Feb 2015 | 1:42 PM ET

    Hedge and private equity funds are worked up about the energy opportunity—and investors are starting to listen.

  • Jan 28- The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware. Bankruptcy Judge in Delaware sent shares of parent company Caesars Entertainment, which is controlled by Apollo Global Management and...

  • Jan 28- A U.S. bankruptcy judge said on Wednesday he would not transfer the bankruptcy filing of Caesars Entertainment Corp's operating unit to Delaware from Chicago, a victory for the company's private equity backers. Hedge funds creditors wanted the casino company's $10 billion debt-cutting plan reviewed under the legal standards of the Delaware court.

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...

  • NEW YORK, Jan 27- Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets. GSO Capital Partners LP, Blackstone's credit investment arm, has...

  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should proceed. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and scores of affiliates...

  • Caesars Entertainment's unit files for bankruptcy Thursday, 15 Jan 2015 | 4:26 AM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday.

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and several affiliates in the U.S. Bankruptcy Court for the Northern District of Illinois.

  • Markets split on endgame for Caesars' looming bankruptcy Wednesday, 14 Jan 2015 | 7:17 PM ET

    Jan 14- On the eve of Caesars Entertainment Corp's $10 billion debt-cutting bankruptcy, markets are reflecting two competing views of how the casino company's high-stakes plan will play out. "The fact there is equity value in Caesars, that equity value describes a really optimistic view of how this will play out," said Chris Snow, an analyst with CreditSights.

  • Craft-retail site Etsy may seek Q1 IPO: Report Tuesday, 13 Jan 2015 | 7:32 PM ET
    Chad Dickerson, CEO of Etsy

    Etsy is mulling a plan to take the company public, Bloomberg reported, citing sources with knowledge of the matter.

  • UPDATE 1-Prestige Cruises withdraws IPO plan Monday, 12 Jan 2015 | 1:14 PM ET

    Jan 12- Prestige Cruises International Inc, which was bought by Norwegian Cruise Line Holdings Ltd in a $3 billion deal in September, filed with U.S. regulators to withdraw its plan for an initial public offering. Prestige Cruises, which operates under the Oceania and Regent Seven Seas brands in the upper premium and luxury segments, was created by Apollo Global...

  • CORRECTED-Prestige Cruises withdraws IPO plan Monday, 12 Jan 2015 | 12:55 PM ET

    Jan 12- Prestige Cruises International Inc filed with U.S. regulators to withdraw its plan for an initial public offering.

  • Jan 12- A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company. The involuntary bankruptcy petition was filed by affiliates of Appaloosa Management, Oaktree Capital Management and...

  • Apollo-backed Prestige Cruises withdraws IPO plan Monday, 12 Jan 2015 | 12:34 PM ET

    Jan 12- Prestige Cruises International Inc, backed by private equity firm Apollo Global Management LLC, filed with U.S. regulators to withdraw its plan for an initial public offering.

  • Jan 12- A group of second-lien bondholders of casino operator Caesars Entertainment Corp filed a petition for involuntary Chapter 11 bankruptcy protection against the company's largest unit after it defaulted on interest payments. Caesars Entertainment Operating Co Inc defaulted on $225 million of payments due on Dec. 15. Caesars Entertainment Corp...

  • Why big banks may be vulnerable to oil price drop Monday, 12 Jan 2015 | 5:43 AM ET
    Pedestrians pass in front of a Wells Fargo & Co. bank branch in New York

    Why banks that have exuberantly extended credit to oil companies may feel the pinch of tanking oil.

  • Sass bets on airline, hedge fund stock Monday, 12 Jan 2015 | 12:00 AM ET
    A ground crewmember prepares to push back an American Airlines Boeing 737-823 jet at a terminal at  Miami International Airport.

    Martin D. Sass' stock picks are trades in three popular sectors: airlines, pharmaceuticals and asset management.