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Shutterfly is looking to sell $1.9 billion in junk debt to whittle down pile Investments 

Shutterfly is looking to sell $1.9 billion in junk debt to whittle down pile

GaryPageau , , 0 comment
Personalized photo products leader Shutterfly is looking to refinance a looming debt pile with new sales of $1.875 billion of junk bonds and loans, according to Bloomberg. The Apollo Global Management Inc.-backed photo-sharing site is selling a $500 million term loan, $1.15 billion in junk bonds, and a $225 million riskier second-lien loan, according to people with knowledge of the matter. The deal comes after talks... Read More
Barclays is on the prowl for Shutterfly investors News 

Barclays is on the prowl for Shutterfly investors

GaryPageau , , ,
Bloomberg reports Barclays PLC is vetting potential investors to help photo personalization giant Shutterfly push out its looming debt problem, after talks with private credit lenders lost momentum, according to reporting by Reshmi Basu. Apollo Global Management Inc., which has owned Shutterfly since 2019, has been seeking a way out of its ownership of the company, which has since then gone through numerous... Read More