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The SEC’s Beef With Shadow Banks Could Be Bad for Some Businesses

  • Capital directive would crimp business loans, they say
  • Firms like Apollo, Ares, THL Credit lobbying for rule reversal
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Apollo Global Management has a reputation for buying wounded companies, not lending to them.

UniTek Global Services Inc. was different. In 2013, banks abandoned the Pennsylvania-based hardware installer for Comcast Corp. and DirecTV, pulling a credit line when the company needed it most.