RCS Capital Provides Business Update
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November 9, 2015 6:32 AM EST
Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO) and RCS Capital Corporation (NYSE: RCAP) ("RCS Capital") announced that they have mutually agreed to amend the previously announced sale of the RCS Capital wholesale distribution business and certain related entities, to an affiliate of Apollo.
Under the amended agreement, RCS Capital will sell its wholesale distribution business, including Realty... More
November 9, 2015 6:26 AM EST
Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO) and AR Capital, LLC ("AR Capital") announced that they have mutually agreed to terminate the planned transaction pursuant to which Apollo would have purchased a controlling interest in a newly formed... More
November 9, 2015 6:19 AM EST
RCS Capital (NYSE: RCAP) provided the following update as the Company continues to execute on its plan to rationalize its capital structure, increase financial flexibility and position the Company for long-term growth.
New Senior Unsecured Promissory Notes Issuance
RCS Capital announced that it entered into an agreement to issue $27 million of new Senior Unsecured Promissory Notes (the "Notes"), $12 million of which will be issued to RCAP Holdings, LLC, a private holding company under common ownership with AR Capital, LLC ("AR Capital"), and $15 million of which will be issued to affiliates... More
