PIMCO, Apollo’s funds, the next $ 3 billion in X debt

(Bloomberg) -Pacific Investment Management Co.

Apollo Global Management Inc. is also a company that is interested in high -level debt. The company is sold by a group of banks led by Morgan Stanley. Representatives of Pimco, Apollo and Morgan Stanley refused to comment.

The product was sold after selling a $ 1 billion debt related to the purchase of social media platforms. According to people familiar with the matter, the diameter capital partners and Dasanana capital partners are the main parts of the sales company.

Small issuance and sales are given a group of investors, which are regarded as concept verification trade, which can help support the demand for corporate debt before being displayed to a wider range of buyers. Darsana spokesman and diameter refused to comment.

So far, the most important efforts of banks are to eliminate $ 13 billion in debt called Twitter Inc. at the time. After the company launched a surprise bidding for the billionaire to privatize the company, the company was trapped in their books in 2022. Essence Seven banks including Morgan Stanley, Bank of America, Barclays, and Mitsubishi FINANCIAL Group Inc. agreed to provide funds for the transaction.

Bloomberg reported on Monday that potential investors were told that they would claim shareholders in Musk’s artificial intelligence company Xai Corp. Xai. People familiar with the matter said that the valuation of X was adding $ 6 billion in shares before. The scale of the shares is based on the latest fundraising activities, and the fundraising is valued at about $ 50 billion in XAI.

Message of AI -related sweeteners is a bad period in the industry. After Chinese startup Deepseek has achieved cheaper AI models, on Monday, the sharp decline in the stocks and technology sectors of AI links has caused people to increase and increase competition by increasing competition.

Nevertheless, despite the bankruptcy of the market, banks still expand their efforts to sell X’s debt, even if some borrowers stand out from the launch of debt sales. In the next few years, AI is still regarded as one of the most promising technologies in technology, and US President Donald Trump announced a billions of dollars of AI infrastructure project last week. Banks may be easier to pitch on Tuesday, the market looks more calm, and Nasdaq will rise No. 100.

The banker has contacted a group of investors to evaluate their large discounts on buying a large amount of debt of $ 3 billion in debt. It is added that although PIMCO and APOLLO are reviewing the debt package after the modified X debt, the discussion may not cause any transactions. As the main participants in the credit market, they have to become traded people, and many other funds are standard.

The price of the US dollar within the scope of the US dollar that this price was reported from 90 to 95 cents-it will marked the valuation of the X borrowing greatly. The division can have caused huge losses to the bank.

PIMCO and Apollo are companies that have purchased a large number of discounted debt. These debts were trapped in 2022. As the Fed increased interest rates, the company was trapped on the bank’s balance sheet on the bank’s balance sheet.

In the previous unreasonable debt transactions, Pimco purchased about 1 billion euros ($ 1 billion) in debt to support Apollo’s acquisition of global SA payment terminal units with euro 85 cents. At the same time, Apollo acquired some debts that supported Citrix Systems Inc., which purchased the acquisition at a price of 87 cents in 2022.

-Fromes with Paula Seligson.

(Update more detailed information about PIMCO and Apollo, add the following to XAI.)

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