An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. & other senior lenders to the bankrupt trucking firm
![An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. & other senior lenders to the bankrupt trucking firm](/content/images/size/w1200/2023/09/DJ_mk2_sized-15.png)
An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. and other senior lenders to the bankrupt trucking firm, according to a person familiar with the matter.
The deal comes as Yellow seeks to secure a bankruptcy loan to fund its liquidation. Apollo and other senior lenders had offered to provide the company $142.5 million in new money to fund the trucking firm’s wind-down, but Yellow was approached with less expensive options after filing Chapter 11.
Is this going to go as well as silvergate?
![r/Superstonk - An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. & other senior lenders to the bankrupt trucking firm, according to a person familiar with the matter.](https://preview.redd.it/41lw8ajyxgib1.png?width=610&format=png&auto=webp&s=5f446ef7d59b9058e44cd48b05a40ee1f7c3681f)