Apollo to Invest $750 Million Into Customer Service Firm Alorica

Apollo Global Management Inc. has invested $750 million in preferred equity and debt into customer service firm Alorica Inc.

The investment was made via the buyout firm’s hybrid value platform, according to a statement. The company will have more than $200 million in liquidity and net leverage of under three times adjusted EBITDA in the last 12 months.

“The refinancing gives us one of the healthiest balance sheets in the industry,” Alorica’s Chief Executive Officer Andy Lee said in the release.

Apollo partner Robert Kalsow-Ramos will join Alorica’s board as part of the deal.

Apollo’s hybrid platform has been active ...