Apollo Lines Up $1.1 Billion of Financing for US Silica Buyout
- The acquisition, set to close in 3Q, was unveiled in April
- Leverage loan market has seen few M&A deals this year
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Apollo Global Management Inc. has lined up $1.1 billion of debt financing for its purchase of US Silica Holdings Inc., according to people with knowledge of the matter.
Barclays Plc and BNP Paribas SA are the leading banks on the deal, said the people, who asked not to be identified as they’re not permitted to speak publicly.