Leon Black, Chairman/CEO of the Apollo Group, is seeking a $500MM loan as part of a $1.5BN total bank debt. The loan is to facilitate the movement of Black's Apollo interests from a Family Trust to his personal name for tax alignment. The loan will be secured by a mix of fine art and Apollo units. The document outlines the proposed structure, collateral, and covenants for the loan.
doj/DataSet10/EFTA01448363.pdf
{"title":"Leon Black: $500MM Line Request","key_people":["Leon Black","Jeffrey Epstein","Paul Morris","Jane Heller"],"document_date":"2013","document_type":"financial","document_subtype":"loan request","key_organizations":["Apollo Group","BofA","DB","JPM"]}