Brief: Apollo Investment Corporation Issues Letter To Stakeholders Providing Business Update

Midcap Financial Investment

26/03/2020 17:58

March 26 (Reuters) - Apollo Investment Corp  AINV.O :
    * APOLLO INVESTMENT CORPORATION ISSUES LETTER TO
STAKEHOLDERS
PROVIDING BUSINESS UPDATE
    * APOLLO INVESTMENT CORP - IN CONSTANT DIALOG WITH ITS
PORTFOLIO
COMPANIES TO IDENTIFY AND MANAGE RISKS AND LIQUIDITY NEEDS
    * APOLLO INVESTMENT - BELIEVE THAT HAVE SUFFICIENT CAPITAL
TO MEET
FUNDING REQUIREMENTS DURING VOLATILE PERIOD
    * APOLLO INVESTMENT - HAS NO UPCOMING DEBT MATURITIES
    * APOLLO INVESTMENT - HAS REDUCED EXPENSES & CAPITAL
EXPENDITURES
TO NECESSARY MAINTENANCE ITEMS TO ADJUST TO LOWER COMMODITY
PRICE ENVIRONMENT
    * APOLLO INVESTMENT - ALSO HAS $350 MILLION OF UNSECURED
DEBT
WHICH MATURES IN MARCH 2025
    * APOLLO INVESTMENT CORP - BELIEVE MERX AVIATION FINANCE IS
IN A
POSITION TO WEATHER CURRENT CHALLENGES

Source text for Eikon:  ID:nGNX2GssNJ 
Further company coverage:  AINV.O 

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