GFL Environmental To Sell Stake In Environmental Services Business: Debt Reduction & Stock Buyback On The Cards
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
0mins
Should l Buy APO?
Source: Benzinga
GFL Environmental Inc. Sale Agreement: GFL Environmental announced a deal to sell its Environmental Services business to Apollo Global Management and BC Partners for an enterprise value of C$8.0 billion, while retaining a 44% equity interest and expecting net cash proceeds of approximately C$6.2 billion.
Financial Strategy Post-Transaction: GFL plans to use up to C$3.75 billion of the proceeds to repay debt and C$2.25 billion for share repurchases, aiming to improve its balance sheet and accelerate its path to an investment-grade credit rating.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 120.540
Low
136.00
Averages
164.45
High
182.00
Current: 120.540
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apollo CEO Defends Private Credit Amid Market Scrutiny
- Redemption Policy: Apollo Global Management has set a 5% quarterly redemption limit in its private credit fund, despite other firms relaxing their limits, aiming to maintain liquidity and bolster investor confidence, even as it faces redemption requests representing 11% of its assets.
- Market Risk Assessment: CEO Marc Rowan stated that software sector valuations are generally overstated, particularly in the context of rapid AI advancements, emphasizing the need for investors to have a clear understanding of their holdings to avoid potential risks and losses.
- Investment Scale and Returns: Last year, Apollo originated $310 billion in new investments, with 80% being investment-grade financing, serving major clients like Intel, BP, and Shell, indicating a robust investment strategy in a high-risk market.
- Role of Tech Companies in Debt Market: Rowan noted that the influence of technology companies in the debt market will continue to grow, predicting that in the next five years, major issuers of investment-grade debt will be dominated by large tech firms and banks, reflecting significant structural changes in the market.
See More
Apollo Global Management Faces Class Action Lawsuit
- Class Action Filed: Hagens Berman has initiated a class action lawsuit against Apollo Global Management (APO) on behalf of investors who purchased securities between May 10, 2021, and February 21, 2026, alleging that executives made materially false statements regarding ties to Jeffrey Epstein, potentially leading to significant investor losses.
- Severe Market Reaction: Following a series of investigative reports about Apollo's relationship with Epstein, the company's stock plummeted over 15% in three weeks, erasing approximately $12 billion in market capitalization, indicating strong market concerns over the firm's transparency.
- Regulatory Scrutiny: Two major teachers' unions, representing over $27.5 billion in capital commitments, have urged the SEC to investigate Apollo's “lack of candor,” heightening the legal and reputational risks faced by the company.
- Critical Deadline: Investors must apply by May 1, 2026, to be appointed as Lead Plaintiff in the lawsuit, reflecting heightened investor vigilance regarding corporate governance and transparency issues.
See More
Apollo Global Management Faces Securities Class Action Lawsuit
- Filing Deadline: ClaimsFiler reminds investors that those who purchased or acquired Apollo Global Management (NYSE: APO) securities between May 10, 2021, and February 21, 2026, must file lead plaintiff applications by May 1, 2026, or risk losing their claim rights.
- Legal Allegations: Apollo and certain executives are accused of failing to disclose material information during the class period, violating federal securities laws, including frequent communications with Jeffrey Epstein, which contradicts the company's claims of no business dealings with him, thereby harming its reputation.
- Reputational Damage: The entanglement of Apollo's leadership with Epstein suggests that the damage to the company's reputation is more than a mere possibility, with statements regarding its business, operations, and prospects deemed materially false and misleading, lacking a reasonable basis.
- Case Details: The case is titled Feldman v. Apollo Global Management, Inc., Case No. 26-cv-01692, currently pending in the United States District Court for the Southern District of New York, where investors can seek further information and legal assistance through ClaimsFiler.
See More
Faruqi & Faruqi Encourages Apollo Investors to Discuss Legal Options
- Legal Action Reminder: Faruq & Faruqi, LLP is investigating potential claims against Apollo Global Management, urging investors who purchased securities between May 10, 2021, and February 21, 2026, to contact them to discuss their legal rights.
- Investor Contact Information: Investors can reach out directly to Faruqi & Faruqi partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310) for more information and to explore possible legal actions.
- Class Action Deadline: The firm reminds investors that May 1, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action filed against Apollo, emphasizing the need for timely action to protect their rights.
- Securities Law Expertise: As a leading national securities law firm, Faruqi & Faruqi provides specialized legal support aimed at helping investors address potential losses and seek appropriate compensation.
See More
High-Net-Worth Clients Continue to Favor Private Credit Investments
- Capital Attraction Continues: Goldman Sachs' Kristin Olson stated that despite recent redemption pressures, private credit continues to attract capital due to the significant premium associated with illiquid investments, indicating ongoing interest from ultra-high-net-worth clients.
- Portfolio Allocation Advice: Goldman Sachs recommends that ultra-high-net-worth clients allocate about 25% of a moderate-risk portfolio to alternative investments, aiming to achieve risk-adjusted returns through asset classes like private credit, particularly suitable for those who can bear illiquidity risks.
- Redemption Pressure Impact: Currently, at least a dozen private credit funds are facing redemption requests, prompting firms like Apollo Global Management and Ares Management to curb withdrawals, a situation partly linked to concerns over software companies vulnerable to AI disruption, highlighting market sensitivity to liquidity risks.
- Opportunity in Education Moment: Olson emphasized that the current state of private credit represents an “education moment” that will benefit investors over time, asserting that despite some misinformation leading to concerns, the asset class is expected to continue growing and attracting more investor participation.
See More
Lumen Technologies Transforms and Restructures Debt
- Successful Debt Restructuring: Lumen Technologies has successfully reduced its net debt-to-EBITDA ratio below 4x after a $15 billion debt restructuring, significantly improving its financial condition and laying the groundwork for future high-growth initiatives.
- Strategic Shift Focus: The company is pivoting towards high-growth areas such as AI networking and cloud services, planning to layer a digital services platform over its fiber network to meet customer demands for rapid data processing, thereby enhancing its market competitiveness.
- Stock Price Rebound: Following a partnership announcement with AWS Interconnect, Lumen's shares spiked over 10% in afternoon trading, reflecting positive market sentiment towards its new strategy and attracting increased investor interest.
- Future Growth Expectations: By 2030, Lumen anticipates that its higher growth strategic businesses will account for 70% of total revenue, with adjusted EBITDA margins expected to exceed 30%, indicating strong growth potential in the coming years.
See More
Apollo CEO Defends Private Credit Amid Market Scrutiny
- Redemption Policy: Apollo Global Management has set a 5% quarterly redemption limit in its private credit fund, despite other firms relaxing their limits, aiming to maintain liquidity and bolster investor confidence, even as it faces redemption requests representing 11% of its assets.
- Market Risk Assessment: CEO Marc Rowan stated that software sector valuations are generally overstated, particularly in the context of rapid AI advancements, emphasizing the need for investors to have a clear understanding of their holdings to avoid potential risks and losses.
- Investment Scale and Returns: Last year, Apollo originated $310 billion in new investments, with 80% being investment-grade financing, serving major clients like Intel, BP, and Shell, indicating a robust investment strategy in a high-risk market.
- Role of Tech Companies in Debt Market: Rowan noted that the influence of technology companies in the debt market will continue to grow, predicting that in the next five years, major issuers of investment-grade debt will be dominated by large tech firms and banks, reflecting significant structural changes in the market.
See More
Apollo Global Management Faces Class Action Lawsuit
- Class Action Filed: Hagens Berman has initiated a class action lawsuit against Apollo Global Management (APO) on behalf of investors who purchased securities between May 10, 2021, and February 21, 2026, alleging that executives made materially false statements regarding ties to Jeffrey Epstein, potentially leading to significant investor losses.
- Severe Market Reaction: Following a series of investigative reports about Apollo's relationship with Epstein, the company's stock plummeted over 15% in three weeks, erasing approximately $12 billion in market capitalization, indicating strong market concerns over the firm's transparency.
- Regulatory Scrutiny: Two major teachers' unions, representing over $27.5 billion in capital commitments, have urged the SEC to investigate Apollo's “lack of candor,” heightening the legal and reputational risks faced by the company.
- Critical Deadline: Investors must apply by May 1, 2026, to be appointed as Lead Plaintiff in the lawsuit, reflecting heightened investor vigilance regarding corporate governance and transparency issues.
See More
Apollo Global Management Faces Securities Class Action Lawsuit
- Filing Deadline: ClaimsFiler reminds investors that those who purchased or acquired Apollo Global Management (NYSE: APO) securities between May 10, 2021, and February 21, 2026, must file lead plaintiff applications by May 1, 2026, or risk losing their claim rights.
- Legal Allegations: Apollo and certain executives are accused of failing to disclose material information during the class period, violating federal securities laws, including frequent communications with Jeffrey Epstein, which contradicts the company's claims of no business dealings with him, thereby harming its reputation.
- Reputational Damage: The entanglement of Apollo's leadership with Epstein suggests that the damage to the company's reputation is more than a mere possibility, with statements regarding its business, operations, and prospects deemed materially false and misleading, lacking a reasonable basis.
- Case Details: The case is titled Feldman v. Apollo Global Management, Inc., Case No. 26-cv-01692, currently pending in the United States District Court for the Southern District of New York, where investors can seek further information and legal assistance through ClaimsFiler.
See More
Faruqi & Faruqi Encourages Apollo Investors to Discuss Legal Options
- Legal Action Reminder: Faruq & Faruqi, LLP is investigating potential claims against Apollo Global Management, urging investors who purchased securities between May 10, 2021, and February 21, 2026, to contact them to discuss their legal rights.
- Investor Contact Information: Investors can reach out directly to Faruqi & Faruqi partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310) for more information and to explore possible legal actions.
- Class Action Deadline: The firm reminds investors that May 1, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action filed against Apollo, emphasizing the need for timely action to protect their rights.
- Securities Law Expertise: As a leading national securities law firm, Faruqi & Faruqi provides specialized legal support aimed at helping investors address potential losses and seek appropriate compensation.
See More
High-Net-Worth Clients Continue to Favor Private Credit Investments
- Capital Attraction Continues: Goldman Sachs' Kristin Olson stated that despite recent redemption pressures, private credit continues to attract capital due to the significant premium associated with illiquid investments, indicating ongoing interest from ultra-high-net-worth clients.
- Portfolio Allocation Advice: Goldman Sachs recommends that ultra-high-net-worth clients allocate about 25% of a moderate-risk portfolio to alternative investments, aiming to achieve risk-adjusted returns through asset classes like private credit, particularly suitable for those who can bear illiquidity risks.
- Redemption Pressure Impact: Currently, at least a dozen private credit funds are facing redemption requests, prompting firms like Apollo Global Management and Ares Management to curb withdrawals, a situation partly linked to concerns over software companies vulnerable to AI disruption, highlighting market sensitivity to liquidity risks.
- Opportunity in Education Moment: Olson emphasized that the current state of private credit represents an “education moment” that will benefit investors over time, asserting that despite some misinformation leading to concerns, the asset class is expected to continue growing and attracting more investor participation.
See More
Lumen Technologies Transforms and Restructures Debt
- Successful Debt Restructuring: Lumen Technologies has successfully reduced its net debt-to-EBITDA ratio below 4x after a $15 billion debt restructuring, significantly improving its financial condition and laying the groundwork for future high-growth initiatives.
- Strategic Shift Focus: The company is pivoting towards high-growth areas such as AI networking and cloud services, planning to layer a digital services platform over its fiber network to meet customer demands for rapid data processing, thereby enhancing its market competitiveness.
- Stock Price Rebound: Following a partnership announcement with AWS Interconnect, Lumen's shares spiked over 10% in afternoon trading, reflecting positive market sentiment towards its new strategy and attracting increased investor interest.
- Future Growth Expectations: By 2030, Lumen anticipates that its higher growth strategic businesses will account for 70% of total revenue, with adjusted EBITDA margins expected to exceed 30%, indicating strong growth potential in the coming years.
See More
