Apollo provides $1.25B equity to support BMG-Concord deal
Apollo Global Management provided $1.25 billion in equity to help BMG repay outstanding liabilities supporting its combination with independent label Concord.
25 billion in equity to help music company BMG repay outstanding liabilities and support its combination with independent label Concord. Under the deal, the asset manager acquired a noncontrolling interest in a subsidiary of BMG that holds Concord.