Apollo invests $1.25 billion in BMG to repay Concord debt
It buys a minority stake in the BMG unit holding Concord's asset-backed bonds, a program with more than $4.5 billion issued since 2022.
BMG Issuer · Apollo Global Management Investor
Intelligence
The deal
- Type
- Funding
- Amount
- $1.25B
- Structure
- Noncontrolling interest in a BMG subsidiary holding the legacy Concord ABS; proceeds repay certain ABS liabilities
- Status
- Closed
- Round
- Equity capital solution
- Valuation
- Not recorded
- Region
- United States
- Date
- 17 September 2026
As of this development: a later development may record new terms.
Lifecycle
- Announced
- Closed
Same day, same parties
The parties
BMG Issuer
Apollo Global Management Investor
Activity