Apollo to pay more on Presidio amid reputational, credit questions

January 23, 2015 publisher apollo, august-county, beverly-hills, caesars, during-the-2014, football-club, high-leverage, presidio, private-equity, session-during, the-24-year-old

By Lisa Lee, Mike Stone and Mariana Santibanez NEW YORK (Reuters) – (This story filed on January 22, 2015 has been refiled to clarify proposed creditor terms of the Caesars bankruptcy and related quotation) The term debt financing backing Apollo Global Management LLC's [APOLO.UL] buyout of information technology services provider Presidio Inc is facing pushback from loan investors wary of an unpopular sponsor, the deal's high leverage and issues related to the credit itself. To entice investors wary of Presidio's lack of hard assets, high leverage and business model, lead arranger Credit Suisse this week made some adjustments to the credit, sources said

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Apollo to pay more on Presidio amid reputational, credit questions