KKR and Apollo provide over $1 billion direct loan to ASC Engineered Solutions

Private equity-owned ASC Engineered Solutions secured a more than $1 billion direct loan from KKR & Co. and Apollo Global Management Inc., beating out Wall Street banks for the deal.

“KKR & Co. and Apollo Global Management Inc. are providing a more than $1 billion direct loan to private equity-owned, Oak Brook-based ASC Engineered Solutions, winning the deal over Wall Street banks, according to people with knowledge of the matter.”

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