Credit Suisse faces icy reception for Apollo deal


Challenging: Credit Suisse is committed to marketing about US575mil of first- and second-lien loans, including a portion for European investors. — AFP

NEW YORK: Credit Suisse Group AG is struggling to drum up investor interest for loans to finance Apollo Global Management LLC’s purchase of specialty-chemicals maker OM Group Inc, according to people with knowledge of the matter.

The bank, which has committed to fund the acquisition, is marketing about US$575mil of first- and second-lien loans, including a portion for European investors.

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