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Dollar500mn

All articles tagged with #dollar500mn

business2 years ago•0 min saved

Apollo's $500mn Loan Sale Halts Yellow's Bankruptcy, Expands Exotic Debt Business for Struggling Buyout Firms

Apollo has decided to abandon its efforts to push Yellow Corporation, a trucking company, into bankruptcy after successfully selling a $500 million loan to a group of investors. The move comes as Apollo seeks to recoup its investment in Yellow, which has been struggling financially due to the impact of the COVID-19 pandemic on the transportation industry.

via Financial Times|

#apollo #business #dollar500mn

infrastructure2 years ago•0 min saved

"Controversial Penn Station Revamp Proposal Sparks Debate"

A new proposal to revamp Penn Station in New York City would involve paying billionaire James Dolan $500 million for his air rights above Madison Square Garden, which sits atop the station. The plan, put forth by the Municipal Art Society, aims to create a new entrance and concourse for the station, as well as improve connectivity and passenger experience. However, the idea of paying such a large sum to Dolan has sparked controversy and criticism.

via Financial Times|

#billionaire-dolan #dollar500mn #infrastructure