Apollo adds CMBS carveout to LifePoint high yield bonds
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Apollo adds CMBS carveout to LifePoint high yield bonds

Hospital

The high yield bonds being issued to support Apollo’s acquisition of hospital group LifePoint Health include carve-outs that allow the private equity firm to pay itself dividends by securitizing LifePoint’s property and equipment without falling foul of additional debt and restricted payments covenants.

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