Energos Tables $2 Billion Junk Deal on Tepid Investor Demand
Energos Infrastructure has shelved a total $2 billion junk-debt sale as the liquefied natural gas carrier operator struggled to attract investor demand, according to people with knowledge of the matter.
The debt-heavy company, which is owned by Apollo Global Management Inc. funds, has been seeking to raise $1.5 billion through a high-yield bond offering and $500 million through a Barclays-led leveraged loan, the people said, asking not to be identified discussing a private transaction. Barclays Plc and Citigroup Inc. were among banks managing the offerings.