CREDIT DAYBOOK AMERICAS: Brightspeed Due; Credit Risk Climbs

Commitments are due Thursday on a $2 billion loan offering to help fund Apollo Global Management’s acquisition of telecom and broadband assets from Lumen Technologies, run under the Brightspeed brand. A key measure of credit risk, the investment grade CDX, opened wider as inflation comes back into focus.

• A group of banks led by Bank of America and Barclays are struggling to attract investors for Brightspeed’s roughly $3.9 billion debt financing package, potentially forcing them to put up the cash themselves
  • Read more: Banks Struggle to Find Demand for Apollo’s Brightspeed LBO Debt
• The spread on the Markit CDX North ...