Apollo’s Ingenico Starts Talks With Lenders on ‘Untenable’ Debt

French payments firm Ingenico, backed by Apollo Global Management, has started debt talks with creditors as it struggles to keep up with its interest bill.

The company is working with Rothschild as a financial adviser, according to people familiar with the matter. Holders of the firm’s €1.1 billion ($1.3 billion) term loans, led by Pacific Investment Management Co., are being advised by investment bank Houlihan Lokey and law firm Gibson Dunn, said the people, who asked not to be identified discussing private matters.