Apollo is behind a $600 million loan to a public company and it’s the latest sign that it’s serious about taking on big banks in the lending business

Private equity firm Apollo Global Management is doubling down efforts to be a big lender as it expands its massive $200 billion credit business.  In the rare example of a private equity firm lending to a public company, Apollo announced on Wednesday that it is providing $600 million to shipping company YRC Worldwide. Private equity firms broadly have expanded their credit divisions since the financial crisis as their investors have sought to balance their

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