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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (71233)9/29/2022 4:05:59 PM
From: E_K_S  Read Replies (1) | Respond to of 78639
 
Re: TEN made a small Buy at $17.41

Other Buys today: previously posted the Value argument

CNXC small add
DAN small add buying back a few I sold 35 days ago
XRX traded xdiv by $0.25 but was off over $1.07/share; made a small add
INTC small add as it hits another mult year low
MTW small add for this cyclical; more so time now to make a bottom then will Buy in size



To: Paul Senior who wrote (71233)9/30/2022 1:21:31 PM
From: E_K_S  Read Replies (1) | Respond to of 78639
 
Re: Apollo Global Management - I wonder if similar market conditions may be experienced w/ their TEN financing?

Also, probably a reason for LUMN to recently sell off. Their deal still will close but they are using equity rather than debt financing.

Brightspeed Announces Withdrawal of Debt Syndication; Acquisition Remains on Track for Early October Close
Download PDFCharlotte, N.C. – September 29, 2022 - Connect Holding II LLC (d/b/a Brightspeed) (“Brightspeed”) today announced that in light of market conditions Brightspeed has withdrawn its previously announced debt financing package consisting of a private offering of senior secured notes (the “Notes”) and first lien term loan (the “Term Loan”). As a result, no Notes will be sold pursuant to this offering and no Term Loan will be offered at this time. The withdrawal of the announced debt financing package is not expected to impact Brightspeed’s business, employees or customers. Brightspeed expects to commence a debt financing transaction at some point in the future.

As previously announced on August 3, 2021, funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”) entered into a definitive agreement to acquire, directly or indirectly, Incumbent Local Exchange Carrier assets and all associated operations across 20 states from Lumen Technologies, Inc. The acquisition is still expected to close in early October using an equity contribution from Apollo and proceeds from the committed financing obtained at the time of deal announcement.

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Tenneco to Be Acquired by Apollo Funds

Apollo's retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo's patient, creative, and knowledgeable approach to investing aligns its clients, businesses it invests in, its team members, and the communities it impacts, to expand opportunity and achieve positive outcomes. As of December 31, 2021, Apollo had approximately $498 billion of assets under management. To learn more, please visit www.apollo.com.