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International Business Times
International Business Times
Business

Apollo, BlackRock, and Loomis Sayles Accused of Collusion in US Debt Market

BlackRock United States Apollo Optimum Lawsuit Altice USA ARES

Apollo Capital Management, BlackRock, and several other major financial firms are facing a new federal lawsuit that accuses them of working together to block Optimum Communications from refinancing billions of dollars in debt.

The complaint, filed Tuesday in Manhattan, claims the companies joined forces in a way that made it nearly impossible for Optimum to adjust its loans or access the US leveraged-finance market.

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International Business Times UK
International Business Times UK
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