{"id":71913,"date":"2026-04-07T14:26:03","date_gmt":"2026-04-07T14:26:03","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/04\/07\/apollo-backed-yahoo-kicks-off-talks-on-us1-6-billion-refinancing\/"},"modified":"2026-04-07T14:26:03","modified_gmt":"2026-04-07T14:26:03","slug":"apollo-backed-yahoo-kicks-off-talks-on-us1-6-billion-refinancing","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/04\/07\/apollo-backed-yahoo-kicks-off-talks-on-us1-6-billion-refinancing\/","title":{"rendered":"Apollo-backed Yahoo kicks off talks on US$1.6 billion refinancing"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><br \/>\n<iframe loading=\"lazy\" title=\"A Report Card On The Energy MOU Between Ottawa &amp; Alberta\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/JubIINpExRM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><\/p>\n<p> Yahoo Inc.<\/p>\n<p>                         has started discussions with lenders <\/p>\n<p>                        to refinance<\/p>\n<p>                         about US$1.6 billion of <\/p>\n<p>                        leveraged loans<\/p>\n<p>                        , according to people with knowledge of the matter. <\/p>\n<p> Royal Bank of Canada<\/p>\n<p>                         is leading investor meetings this week to gauge appetite for a possible US$1.1 billion leveraged loan and US$500 million in other secured debt, said the people, asking not be identified as the discussions are private. <\/p>\n<p> The debt would be expected to mature in five years. Based on discussions so far, the secured debt could come with a yield of mid-to-high nine per cent, the people said. The loans could offer 5.5 percentage points over the United States benchmark and come at a discounted price of 98.5 cents on the dollar, they added. <\/p>\n<p> Talks with investors are at an early stage and terms of the deal could change, the people said. <\/p>\n<p> Representatives for RBC and <\/p>\n<p>                        Apollo Global Management Inc.<\/p>\n<p>                        , which owns Yahoo, declined to comment. A spokesperson for the online media company didn\u2019t immediately comment. <\/p>\n<p> Yahoo has approximately US$1.6 billion in leveraged loans maturing in September 2027, according to data compiled by Bloomberg. Both tranches of debt were sold at 5.5 percentage points over the benchmark, the data show. <\/p>\n<p> Apollo bought the business from Verizon Communications Inc. in 2021 for US$5 billion. The company sold the existing debt in July of that year <\/p>\n<p>                        to finance its buyout<\/p>\n<p>                        . <\/p>\n<p> <em>\u2014With assistance from Gowri Gurumurthy.<\/em> <\/p>\n<p> Bloomberg.com <\/p>\n<ul class=\"related_links\">\n<li>Opinion: The &#8216;rage bait&#8217; economy is making us miserable<\/li>\n<li>Private market titans warn of pain as credit cracks widen<\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"Iran oil shock &#039;worst energy crisis of our lifetime&#039;\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/J92gi1800PI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><br \/>\n<br \/>\n<br \/>Apollo-backed Yahoo kicks off talks on US$1.6 billion refinancing<\/a><br \/>\n<br \/>2026-04-07 14:26:03<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yahoo Inc. has started discussions with lenders to refinance about US$1.6 billion of leveraged loans , according to people with knowledge of the matter. Royal Bank of Canada is leading&#8230;<\/p>\n","protected":false},"author":2,"featured_media":71914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/04\/0408-mg-yahoo.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-71913","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/71913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=71913"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/71913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/71914"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=71913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=71913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=71913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}