Apollo Global Management

Apollo Global Management sold a $485 million loan to Yellow Corp. and has withdrawn its proposal for bankruptcy financing.

Yellow’s bankruptcy filing suggests that secured creditors are likely to be paid in full.

Less-than-truckload carrier Yellow Corp. is reported to be close to a deal with one of its current lenders to obtain debtor-in-possession financing to facilitate a bankruptcy.

Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.

Atlas Air reported strong second-quarter earnings while announcing it is being bought by an investment consortium for $5.2 billion.

“We’re excited to partner with Blume Global, its management team, Apollo and EQT to support the company through its next stage of growth,” says Bridgepoint’s managing director.

A U.S. House subcommittee has launched an investigation into Yellow Corp.’s $700 million CARES Act loan.

Crafts retailer Michaels is adding same-day delivery through Instacart from more than 100 stores as more consumers order materials for projects online.

This deal would have been Vista’s fourth attempt to exit its investment with transportation telematics provider Omnitracs, along with a second attempt to merge with the firm’s portfolio company, Solera, an automotive and insurance software company.

The SPAC combination would be at least the fourth time Vista has tried to exit its investment in Omnitracs.

Concurrent to insolvency discussions, Greensill is considering the sale of its operating business to Apollo Global Management Inc. for $100 million, according to a report.

YRC gives the Treasury Department a 30% equity stake in exchange for a $700 million lifeline.

GIC, Singapore’s wealth fund, has acquired a Pan-European logistics real estate portfolio that has an accumulated industrial space of over 1 million square meters.

The seller was Swedish private equity group EQT Partners, which may be trying to clean up its balance sheet ahead of an IPO.

Apollo Global Management is reportedly planning to take its subsidiary CEVA Logistics public by April.