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03.06.26 - 02:36
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HGV Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or the “Company”) today announced the pricing of the previously announced secondary public offering (the “offering”) of 5,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”). The offering is expected to close on June 4, 2026, subject to satisfaction of customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 750,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the offering.
In addition, HGV has agreed to purchase from the underwriters 750,000 shares of common stock as part of the offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the “Share Repurchase”), subject to the completion of the offering. The Share Re...
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02.06.26 - 23:06
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HGV Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or the “Company”) today announced a proposed secondary public offering (the “offering”) of 5,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”). The underwriters will have a 30-day option to purchase up to an additional 750,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the offering.
In addition, HGV has authorized the concurrent purchase from the underwriters of up to 750,000 shares of common stock as part of the offering so long as the total amount of shares HGV purchases from the underwriters does not exceed $40 million (the “Share Repurchase”), subject to the completion of the offering. The Share Repurchase will be made pursuant to the Company's existing repurchase plan. The underwriters will not receive any underw...
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30.05.26 - 01:27
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662 Billion Reasons To Worry: Moody′s Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal (ZeroHedge)
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662 Billion Reasons To Worry: Moody's Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal
Unless you have lived under a rock for the last year (or month), you will know that the explosive growth of artificial intelligence is fueling a massive infrastructure buildout.
In a chart book published nearly simultaneously with Moody's report, Apollo Global Management chief economist Torsten Slok worked to put the enormity of data center spending into perspective.
With total capital expenditure on data centers estimated at roughly $646 billion, or about 2% of U.S. GDP, Slok noted that is roughly equivalent to the GDP for Singapore, Sweden, and Argentina. Defense spending in 2025, meanwhile, was around $917 billion.
However, as Moody's warned this week, the aggressive financing structures supporting this explosive growth are creating significant systemic risks that could ripple across global credit markets and the broader economy.
The most recent example of this buildout...
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19.05.26 - 22:03
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Sprouts Farmers Market Appoints Andrew Jhawar to its Board of Directors (Business Wire)
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PHOENIX--(BUSINESS WIRE)--Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced the addition of Andrew Jhawar to its board of directors.
“We are excited to welcome Andy Jhawar to our board of directors,” said Joseph Fortunato, chairman of the board of Sprouts. “Andy's unparalleled depth of experience in the consumer and retail industry will be invaluable to the company as we continue to execute on our long-term growth strategy.”
Jhawar was formerly a partner at Apollo Global Management, Inc., having retired in December 2024 after nearly 25 years, where he oversaw private equity investment transactions in the consumer and retail industry. Jhawar previously served on the Sprouts board of directors from April 2011 to February 2016. Jhawar currently serves on the board of directors at The Michaels Companies, PetSmart and The Stand and previously served as a board member at a number of companies in the consumer and retail industry, including, among several others, Hostess Brands, Heritage Grocers...
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13.05.26 - 18:42
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Apollo Has a New Vehicle to Bundle Debt That Echoes CDOs of Old (Bloomberg)
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Apollo Global Management Inc.'s “next generation” of credit vehicles, which the firm unveiled during last week's earnings call, are backed by a grab-bag of loans and stakes in its own funds. In one case, a portion of investments will be overseen by an Apollo-backed money manager....
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12.05.26 - 16:12
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Wall Street’s Verdict on Apollo Global After a Flurry of Dealmaking (24/7 Wall St.)
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Wall Street's verdict on Apollo Global Management (NYSE: APO) after a week of frenzied dealmaking is unmistakably bullish. Analysts have a Moderate Buy consensus with an average price target of $146.71 for the stock, and the high end of the range now stretches well above where shares closed Monday, even after a sharp one-month rebound ... Wall Street's Verdict on Apollo Global After a Flurry of Dealmaking...
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