Apollo plans financing for purchase of GE’s equity portfolio

By Sara Rosenberg

New York, Oct. 9 – Apollo Global Management LLC is getting financing from RBC Capital Markets, Goldman Sachs and BMO to fund its acquisition of an approximately $1 billion portfolio, including assumed obligations, of predominantly equity investments in energy assets from GE Capital’s Energy Financial Services unit, according to a news release.

Closing is expected in the fourth quarter, subject to customary conditions.

The equity portfolio is comprised of about 20 investments in renewable energy, contracted natural gas fired generation and midstream energy infrastructure assets, primarily in the United States.

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