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Sectors

Sector Update: Financial Stocks Rise Tuesday Afternoon

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.4%.The Philadelphia Housing Index added 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.5%.Bitcoin (BTC-USD) was falling 2.5% to $62,361, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4.479%.In economic news, the June flash reading of manufacturing conditions from S&P Global rose to a 49-month high of 55.7 from 55.1 in May, in contrast with an expected decrease to 54.6 in a survey compiled by Bloomberg.Redbook US same-store sales surged 10% from a year earlier in the week ended June 20 after a 9.4% year-over-year increase in the previous week.In corporate news, Apollo Global Management (APO) has restricted investor redemptions for its private credit fund Apollo Debt Solutions following a surge in share repurchase requests from stakeholders. Apollo shares were down 2.7%.Blackstone (BX) is preparing to invest $30 billion in AI data centers in Japan within the next three to five years, Nikkei Asia reported, citing an interview with Chief Operating Officer Jonathan Gray. Blackstone shares fell 2.3%.Korn Ferry (KFY) on Tuesday reported higher fiscal Q4 results, although the consulting firm issued an outlook calling for lower earnings in the current quarter. Its shares rose 5.3%.

$APO$BX$KFY
Sectors

Sector Update: Financial

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.4%.The Philadelphia Housing Index added 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed up 1.5%.Bitcoin (BTC-USD) was falling 2.5% to $62,361, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4.479%.In corporate news, Apollo Global Management (APO) has restricted investor redemptions for its private credit fund Apollo Debt Solutions following a surge in share repurchase requests from stakeholders. Apollo shares were down 2.9%.

$APO
Apollo Global Caps Private Credit Fund Withdrawals as Requests Spike
US Markets

Apollo Global Caps Private Credit Fund Withdrawals as Requests Spike

Apollo Global Management (APO) has restricted investor redemptions for its private credit fund Apollo Debt Solutions following a surge in share repurchase requests from stakeholders.The alternative asset manager limited withdrawals to 5% of outstanding shares in Apollo Debt Solutions, about $700 million of gross outflows, after shareholders requested the repurchase nearly 17% of outstanding shares as of March 31, according to a filing on Monday with the US Securities and Exchange Commission."Taken together, we expect net outflows from (Apollo Debt Solutions) will be approximately ($400 million) for the second quarter of 2026 and year-to-date, representing 3% of (net asset value)," the firm said in the filing.Shares of Apollo fell 3.2% in Tuesday trade, extending their year-to-date decline to about 9.5%.The surge in requests was driven primarily by offshore investors, who sought to redeem 12.5% of shares, while US repurchase requests slowed to 4.3%, Apollo said.In May, Apollo reported first-quarter earnings that exceeded analysts' estimates as revenue declined year-over-year and fell short of Wall Street's view."Consistent with industry trends within (business development companies), we saw an uptick in redemption requests at (Apollo Debt Solutions), though it's worth noting that 94% of the fund's investors did not submit a redemption request," President Jim Zelter said during the first quarter earnings call, according to a FactSet transcript.Earlier in June, BlackRock's (BLK) HPS Corporate Lending Fund said it received repurchase requests totaling about 13% of outstanding shares in the second quarter and would fulfill requests for 5% of sharesPrice: $131.59, Change: $-3.62, Percent Change: -2.68%

$APO$BLK
Sectors

Sector Update: Financial Stocks Lean Lower Premarket Tuesday

Financial stocks were leaning lower premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.Robinhood Markets (HOOD) shares were down 6% after the company priced a private $2 billion offering of non-interest-bearing senior convertible notes due Oct. 1, 2029.Apollo Global Management's (APO) Apollo Debt Solutions is limiting withdrawal requests at 5% of outstanding shares after investors asked to redeem 16.8%, up from 11.2% in the previous period, the private credit fund said in a shareholder letter. Apollo Global Management stock was down 2.8% premarket.Metropolitan Bank (MCB) shares were up more than 2% after the company authorized a new stock buyback program for up to $50 million of outstanding common shares.

$APO$FAS$FAZ$HOOD$MCB$XLF
Sectors

Sector Update: Financial Stocks Lower Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index easing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.The Philadelphia Housing Index gained 3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) decreased 0.2%.Bitcoin (BTC-USD) fell 2.5% to $62,660, and the yield for 10-year US Treasuries rose 2 basis points to around 4.45%.In economic news, US initial jobless claims last week fell to 226,000 from an upwardly revised 230,000 in the previous week, compared with expectations for 225,000 in a survey of analysts compiled by Bloomberg.In corporate news, Bank of America (BAC) scored an early victory in its collateral battle with Aequum Capital Financial II after a US bankruptcy judge temporarily barred Aequum from distributing cash collected from bankrupt auto-parts supplier First Brands' inventory sales, Bloomberg reported, citing the ruling. Bank of America shares were down 0.3%.SpaceX (SPCX) bankers are planning a potential bond sale of at least $20 billion to refinance a $20 billion bridge loan maturing in September 2027, Bloomberg reported. Bank of America, Citigroup (C), JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS), which provided the bridge financing, are expected to run the bond sale, the report said. Citi eased 0.2%, JPMorgan was down 2%, Goldman fell 0.4%, and Morgan Stanley was 0.5% lower.Apollo Global Management (APO) made some concessions regarding its debt refinancing for photo-services company Shutterfly in a bid to entice some unwilling investors, Bloomberg reported. Apollo shares fell 0.7%.Accenture (ACN) shares fell 17% after the company trimmed the top end of its full-year revenue outlook and posted weaker-than-expected fiscal Q3 sales, while announcing three cybersecurity acquisitions totaling about $4.18 billion.

$ACN$APO$BAC$C$GS$JPM$MS
Sectors

Sector Update: Financial Stocks Ease Thursday Afternoon

Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index easing 0.1%, erasing earlier gains, and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.6%.The Philadelphia Housing Index jumped 3.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.2%.Bitcoin (BTC-USD) fell 5% to $62,532, and the yield for 10-year US Treasuries dropped 2.2 basis points to 4.44%.In economic news, US initial jobless claims last week fell to 226,000 from an upwardly revised 230,000 in the previous week, compared with expectations for 225,000 in a survey of analysts compiled by Bloomberg.In corporate news, Apollo Global Management (APO) made some concessions regarding its debt refinancing for photo-services company Shutterfly in a bid to entice some unwilling investors, Bloomberg reported. Apollo shares fell 0.7%.First Carolina Financial Services (FCBM) shares rose 2.8% in their New York Stock Exchange debut. The holding company for First Carolina Bank priced its IPO of 5.5 million shares at $12.50 each.Accenture (ACN) shares fell 18% after the company trimmed the top end of its full-year revenue outlook and posted weaker-than-expected fiscal Q3 sales, while announcing three cybersecurity acquisitions totaling about $4.18 billion.

$ACN$APO$FCBM
Sectors

Sector Update: Financial

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing marginally and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%.The Philadelphia Housing Index was climbing 4.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.4%.Bitcoin (BTC-USD) was declining 5% to $62,532, and the yield for 10-year US Treasuries was decreasing 2.2 basis points to 4.44%.In corporate news, Apollo Global Management (APO) has made some concessions regarding its debt refinancing for photo company Shutterfly in a bid to entice some unwilling investors, Bloomberg reported. Apollo shares were down 0.4%.

$APO
Wire

Market Chatter: Apollo Global Makes Concessions for Shutterfly Debt to Entice Unwilling Investors

Apollo Global Management (APO) has made some concessions regarding its debt refinancing for photo company Shutterfly in a bid to entice some unwilling investors, Bloomberg reported Thursday, citing unnamed people familiar with the matter.The company is offering a 12.5% yield on a high-yield bond portion and has also rolled its existing piece of second-line debt into a new $250 million junior tranche, the report said.The refinancing also makes whole the creditors who earlier absorbed losses during a separate 2023 debt exchange at Shutterfly, the people said, according to the report.Apollo Global Management did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $138.80, Change: $-0.11, Percent Change: -0.08%

$APO
Sectors

Sector Update: Financial Stocks Advance Wednesday Afternoon

Financial stocks were higher in Wednesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.4%.The Philadelphia Housing Index was up 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.2%.Bitcoin (BTC-USD) was increasing 0.4% to $65,844, and the yield for 10-year US Treasuries was steady around 4.428%.In economic news, the US Federal Reserve's monetary policy committee will conclude its two-day meeting and announce its latest decision on interest rates at 2 pm ET. Markets widely expect the central bank to keep interest rates unchanged for a fourth consecutive time, according to the CME FedWatch tool.US retail sales rose more than expected in May as consumers kept spending despite higher prices. Sales climbed 0.9% after a downwardly revised 0.4% gain in April, the Census Bureau reported Wednesday. The consensus was for a 0.6% increase in May, based on a Bloomberg survey.In corporate news, JPMorgan Chase's (JPM) asset management division is advising investors to hold on to stocks and other higher-risk assets in H2, saying that AI investments should keep the markets rising despite higher inflation and a Federal Reserve that continues to maintain rates, Bloomberg reported. JPMorgan shares were up 1.6%.KKR-backed (KKR) BMC Software agreed to sell a majority stake in BMC Helix to Montagu in a carve-out deal, Montagu said. KKR shares rose 0.8%.Blackstone (BX), Apollo Global Management (APO) and FS KKR Capital (FSK) are among creditors investing $150 million to take over software firm Medallia after its owner Thoma Bravo indicated it would not inject more funds into the company, Bloomberg reported. Blackstone shares increased 0.8%, Apollo rose 1.4%, and FS KKR Capital added 0.8%.

$APO$BX$FSK$JPM$KKR
Wire

Market Chatter: Apollo Co-President Says Rising AI Usage for Mundane Tasks Don't Justify High Compute Costs

Apollo Global Management (APO) co-president John Zito said that companies are increasingly using artificial intelligence for relatively redundant and low IQ tasks that does not justify the high spending for computing power, Bloomberg reported Wednesday.Only a "handful" of people can use frontier AI tools, and the difference in the kinds of tasks being directed to diverse AI tools will create a new economy for the sector, Zito said, according to Bloomberg.Apollo did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $134.14, Change: $+1.44, Percent Change: +1.09%

$APO
Sectors

Sector Update: Financial Stocks Lean Lower Pre-Bell Wednesday

Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% higher.Apollo Global Management (APO) has explored acquisitions of Japanese life insurance businesses, including units of T&D and Orix, as it seeks to expand its presence in Japan's insurance market, the Financial Times reported, citing people familiar with the matter. Shares of Apollo Global Management were nearly 3% lower premarket.Ares Management (ARES) has closed its Ares Pathfinder Fund III and Ares Pathfinder Fund III (Offshore), known together as Pathfinder III, at $8.5 billion in commitments, the company said. Shares of Ares Management were 0.5% lower pre-bell.Lazard (LAZ) reported preliminary assets under management of about $284.85 billion as of May 31, up from $275.37 billion in the prior month. Lazard stock was down 0.2% premarket.

$APO$ARES$FAS$FAZ$LAZ$XLF
Sectors

Sector Update: Financial

Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% higher.Apollo Global Management (APO) has explored acquisitions of Japanese life insurance businesses, including units of T&D and Orix, as it seeks to expand its presence in Japan's insurance market, the Financial Times reported, citing people familiar with the matter. Shares of Apollo Global Management were nearly 3% lower premarket.

$APO
Wire

Top Midday Stories: GSK to Acquire Nuvalent for $10.6 Billion in Cash; Apple Introduces Siri AI, But EU Launch to be Delayed

The Dow Jones Industrial Average was up, while the S&P 500 and Nasdaq Composite were down in late-morning trading Tuesday, as a recent surge in chip stocks lost momentum.In company news, GSK (GSK) said it signed a definitive agreement Tuesday to acquire Nuvalent (NUVL) for $10.6 billion in cash. The transaction includes a tender offer of $124 per share for all outstanding common stock, as GSK looks to expand its pipeline of lung cancer therapies, the company said. GSK shares were up 0.7% around midday, while those of Nuvalent were up 38.9%.Apple (AAPL) on Monday unveiled major software updates at its Worldwide Developers Conference, including Siri AI and the next generation of Apple Intelligence. Siri AI is deeply integrated across iPhone, iPad, Mac, Apple Watch and Vision Pro, the company said. The tech giant also introduced new parental controls and redesigned Screen Time, allowing parents to set age-appropriate protections, daily app time limits and communication safety features. Apple users in the European Union will not have Siri AI access on iOS 27 and iPadOS 27 when it launches due to requirements under the Digital Markets Act, the company said. Apple remains unable to reach an agreement with EU regulators on a framework that would let Siri AI launch on iPhone and iPad while adhering to privacy and security standards, it said. Apple shares were down 3.3%.Broadcom (AVGO) said Tuesday it is launching the AI XPV Platform alongside Apollo Global Management (APO) and Blackstone's (BX) Credit & Insurance Business to facilitate over 20 gigawatts in compute capacity for leading AI labs, including Anthropic and OpenAI, through 2028. The platform, which will use Broadcom's XPUs and networking solutions, launches Tuesday with an initial $35 billion tranche led by Apollo in partnership with Blackstone. Broadcom shares were down 4.0%, while Apollo and Blackstone shares were up 1.7% and 2.8%, respectively.CoreWeave (CRWV) will hold calls Tuesday with high-yield investors in Europe about potential dollar and euro bond sales, Bloomberg reported, citing a person familiar with the matter. The AI infrastructure provider has appointed JPMorgan Chase (JPM) to arrange the calls, the report said, citing the person. CoreWeave shares were down 4.7%.JPMorgan Chase plans to launch AI agents later this year that are capable of working autonomously for far longer than current versions, CNBC reported Tuesday, citing an interview with Chief Analytics Officer Derek Waldron. JPMorgan shares were down 0.6%.Price: $51.01, Change: $+0.37, Percent Change: +0.73%

$AAPL$APO$AVGO$BX$CRWV$GSK$JPM
Sectors

Sector Update: Financial Stocks Mixed Friday Afternoon

Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 0.1%.The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.1%.Bitcoin (BTC-USD) was down 4.4% to $60,654, and the yield for 10-year US Treasuries rose 5.3 basis points to 4.53%.In economic news, the unemployment rate remained at 4.3% in May, as expected. The labor force participation rate was also unchanged from 61.8% in April, and the size of the labor force rose by 83,000 on an increase in household employment that was partially offset by a decline in household unemployment.In corporate news, Strategy (MSTR) and Coinbase (COIN) shares were sharply lower in Friday trading amid a broad sell-down in cryptocurrencies. Strategy shares fell 9.4% and Coinbase stock was down 8.7%.Apollo Global Management (APO) on Friday dropped its bid to acquire UK's Bodycote. The firm said it does not intend to make a firm offer for the London-listed company, ending talks after submitting a conditional takeover proposal in May at 8.85 British pounds ($11.89) per share. Apollo shares were down 1.4%.PayPay (PAYP) said it will acquire 70.2% or over 1.1 million shares of T&D Financial Life Insurance from T&D Holdings for 134.3 billion Japanese yen ($837.6 million). PayPay shares dropped 3%.

$APO$COIN$MSTR$PAYP
Sectors

Sector Update: Financial Stocks Edge Higher Premarket Friday

Financial stocks were edging higher premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.Wealthfront (WLTH) stock was down more than 5% after the company posted fiscal Q1 earnings and revenue that missed analysts' expectations, with EPS declining year over year.Mitsubishi UFJ Financial (MUFG) aims to expand into Japan's underserved SME market with digital financial services slated to launch as early as 2027, Nikkei Asia reported. Mitsubishi UFJ Financial shares were up 0.5% pre-bell.Apollo Global Management (APO) stock was down 0.3% after the company dropped its bid to acquire UK's Bodycote.

$APO$FAS$FAZ$MUFG$WLTH$XLF
Sectors

Sector Update: Financial Stocks Fall Pre-Bell Wednesday

Financial stocks were falling pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.9% higher.Blackstone (BX) is mulling the sale of payments services provider SP.LINKS, looking to fetch about 100 billion Japanese yen ($626 million) from the transaction, Bloomberg reported, citing sources familiar with the matter. Blackstone shares were down more than 4% premarket.Apollo Global Management (APO) said its managed funds completed the sale of their stake in aluminum packaging firm Altemira Holdings to investment funds run by MBK Partners. Apollo Global Management stock was down more than 4% pre-bell.Goldman Sachs (GS) CEO David Solomon said investors are showing "more greed than there is fear" as stock markets continue to climb despite concerns over elevated valuations, rising inflation and higher oil prices. Shares of Goldman Sachs Group were down more than 1% premarket.

$APO$BX$FAS$FAZ$GS$XLF
Sectors

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.8%.The Philadelphia Housing Index added 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.7%.Bitcoin (BTC-USD) was decreasing 0.2% to $73,361, and the yield for 10-year US Treasuries decreased 1 basis point to 4.445%.In economic news, the Institute for Supply Management's Chicago PMI reading jumped to 62.7 in May from 49.2 in April, larger than the expected 50.3 reading in a survey compiled by Bloomberg and the highest reading in over four years.In corporate news, Blackstone (BX) is selling the US Bank Center in Seattle to office landlord Spear Street Capital for about $280 million, 54% less than what it paid for the building seven years ago, Bloomberg reported. Blackstone shares were up 0.8%.Apollo Global Management (APO) has received the European Commission's approval for its funds under Apollo Capital Management to buy Nippon Sheet Glass, according to a statement. Separately, Apollo-backed Shutterfly is marketing about $1.9 billion in loans and bonds, including $1.15 billion in junk notes, to refinance upcoming maturities, Bloomberg reported. Apollo shares rose 1.4%.UBS (UBS) cut several hundred jobs across its Europe, Middle East and Africa operations in its latest round of reductions linked to the 2023 Credit Suisse takeover, Bloomberg reported. The cuts mainly affected support roles, with some client-facing bankers also impacted, the report said, adding that some employees were offered internal redeployment as UBS works to limit redundancies. UBS shares added 0.8%.Bank of Nova Scotia (BNS) said Friday it has agreed to acquire Maple Financial, the parent company of MapleMark Bank, a US commercial bank with operations mainly in Dallas, Texas. Bank of Nova Scotia shares were up 0.1%.

$APO$BNS$BX$UBS
Sectors

Sector Update: Financial Stocks Rise Friday Afternoon

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.9%.The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.8%.Bitcoin (BTC-USD) was increasing 0.7% to $74,012, and the yield for 10-year US Treasuries was decreasing one basis points to 4.45%.In economic news, the Institute for Supply Management's Chicago PMI reading jumped to 62.7 in May from 49.2 in April, larger than the expected 50.3 reading in a survey compiled by Bloomberg and the highest reading in over four years.In corporate news, Apollo Global Management (APO) has received the European Commission's approval for its funds under Apollo Capital Management to buy Nippon Sheet Glass, according to a statement. Separately, Apollo-backed Shutterfly is marketing about $1.9 billion in loans and bonds, including $1.15 billion in junk notes, to refinance upcoming maturities, Bloomberg reported. Apollo shares rose 2.5%.UBS (UBS) cut several hundred jobs across its Europe, Middle East and Africa operations in its latest round of reductions linked to the 2023 Credit Suisse takeover, Bloomberg reported. The cuts mainly affected support roles, with some client-facing bankers also impacted, the report said, adding that some employees were offered internal redeployment as UBS works to limit redundancies. UBS shares added 0.7%.Bank of Nova Scotia (BNS) said Friday it has agreed to acquire Maple Financial, the parent company of MapleMark Bank, a US commercial bank with operations mainly in Dallas, Texas. Bank of Nova Scotia shares were down 0.6%.

$APO$BNS$UBS
Sectors

Sector Update: Financial

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.9%.The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.6%.Bitcoin (BTC-USD) was increasing 0.8% to $74,154, and the yield for 10-year US Treasuries was decreasing 1.9 basis points to 4.436%.In corporate news, Apollo Global Management (APO) has received the European Commission's approval for its funds under Apollo Capital Management to buy Nippon Sheet Glass, according to a statement. Separately, Apollo-backed Shutterfly is marketing about $1.9 billion in loans and bonds, including $1.15 billion in junk notes, to refinance upcoming maturities, Bloomberg reported. Apollo shares were up 2.8%.

$APO
Wire

Market Chatter: Apollo-Backed Shutterfly Offers $1.9 Billion in Loans, Bonds

Apollo Global Management-backed (APO) Shutterfly is marketing about $1.9 billion in loans and bonds, including $1.15 billion in junk notes, to refinance upcoming maturities, Bloomberg reported Friday, citing people with knowledge of the matter.The package includes a $500 million term loan and a $225 million second-lien loan, with Barclays (BCS) handling the full offering, the report said.A call with investors is set for Monday, and the transactions are expected to close on June 10, the report said.Shutterfly, Apollo and Barclays did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $129.03, Change: $+1.52, Percent Change: +1.19%

$APO$BCS

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