Apollo to Transfer Control of Reno de Medici to Bondholders

Apollo Global Management is preparing to transfer control of Reno de Medici SpA to the company's bondholders as part of a debt restructuring process. Sources close to the matter indicate that the transfer is expected to be completed shortly. Reno de Medici is an Italian company operating in the paper and packaging sector. Apollo previously held control of the company, but a restructuring decision was made due to increasing debt burdens. Bondholders will establish a new capital structure to improve the company's financial position. This restructuring will significantly reduce Apollo's stake in Reno de Medici and grant bondholders greater influence over the company. The process is expected to bring the company's debt to a more sustainable level. This is not investment advice.