Apollo Global Management (NYSE:APO) is planning to invest approximately $20 billion in financing infrastructure projects in Mexico, as well as other debt deals, as the firm looks towards new avenues of opportunity for its private credit business.
Apollo has sought to win infrastructure financing mandates by providing quicker deal timelines and more flexible, longer-term loans than traditional banks, sources familiar with the matter told Bloomberg.
Apollo CEO Mark Rowan noted last year that the firm sees potiential in Mexico across a range of borrowers, from small and mid-sized companies to larger investment-grade companies
The firm has already made moves in Mexico, including a $300 million senior secured note offering for a Mexico Infrastructure Partners trust backed by power plants acquired from Iberdrola. The notes mature in 2039, a statement from Cleary Gottlieb noted.
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