Redfin Corp rises on $250 mln debt deal with Apollo Capital

Redfin

23/10/2023 21:32

** Redfin Corp's shares  RDFN.O  up nearly 10% at $5.60 in
extended trading 
    ** Residential brokerage says Apollo Capital Management LP
and its affiliates have committed up to $250 mln in term loan
    ** Co has secured half the loan and the remaining will be
drawn over 12 months
    ** Also purchases some convertible notes held by Apollo for
about $50 mln using cash on balance sheet
    ** RDFN shares up over 20% YTD
    
    

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))