Apollo and Bondholders Clash Over $1 Billion Aeromexico Loan
- Firm, bondholders have yet to agree on decision-making power
- Key bankruptcy court hearing postponed four times last week
Photographer: Susana Gonzalez/Bloomberg
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Apollo Global Management Inc. is clashing with a group of bondholders over a $1 billion bankruptcy loan to Grupo Aeromexico SAB, holding up the Mexican airline’s restructuring effort, said people familiar with the matter.
The disagreement stems from debate over how much power Apollo will have to make key decisions, said the people, who asked not to be named because the talks are private.