YAHOO REFINANCES $1.6B APOLLO DEBT WITH HIGH-YIELD DEAL

Yahoo tapped capital markets to refinance existing obligations stemming from its acquisition by Apollo Global Management. The funding package combined loans and bonds, with yields set at levels competitive with top-tier offerings across the current market. The refinancing move addresses debt obligations tied to the earlier Apollo transaction. By securing new financing now, Yahoo extends its debt maturity profile and locks in funding ahead of any potential market tightening. High-yield debt markets have seen significant activity in recent months as companies pursue refinancing opportunities. Yahoo's deal reflects both investor appetite for established tech assets and the competitive landscape for debt issuance in the current environment. The transaction underscores ongoing capital market access for major tech companies, even amid broader economic uncertainty.