Apollo in Talks to Revive $2 Billion Debt Sale Tied to Auto Deal

Private equity firm Apollo Global Management Inc. is in talks to revive a sale of more than $2 billion in debt tied to a buyout involving Canadian auto parts maker ABC Technologies Holdings Inc. that got stuck on banks’ balance sheets during April’s tariff-fueled market selloff.

The latest discussions have involved private credit firms including HPS Investment Partners, signaling a potential shift away from the broadly syndicated market where banks operate, according to people familiar with the matter who were not authorized to speak publicly. Apollo, which backs ABC, is expected to take some of the debt in this round, they said.