Deals
Apollo-Backed Security Firm In Talks for Debt Restructuring
- Company helps provide security around U.S. embassy in Iraq
- Constellis Holdings is struggling with $1 billion debt load
This article is for subscribers only.
Constellis Holdings LLC, a security contractor backed by Apollo Global Management Inc., is in talks with creditors on a deal to restructure its $1 billion of debt, according to people with knowledge of the discussions.
The firm, which has provided some security services around the U.S. embassy complex in Iraq -- the site of anti-American protests this week -- is seeking to restructure out of court. But it’s also considering a pre-negotiated bankruptcy filing, said the people, who asked not to be identified because the matter is private.