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INVESTING EXPLAINED: What you need to know about PIK (payment in kind) Financing
PIK stands for payment in kind, a type of financing where corporate borrowers aim to save money by not paying interest during the term of the loan. A PIK loan with a 16 per cent rate of interest can double in size in five years. US private equity giants, like Apollo and Ares, have private credit divisions offering this type of borrowing.
Fast fashion giant White Fox Boutique is sensationally called out for 'copying designs' of niche... The Bondi-based label posted photos to social media comparing its own popular Apollo dress with a seemingly very similar version sold by White Fox. The accusation comes after the fashion label's founders, high school sweethearts Daniel and Georgia Contos, went on a property spending spree in Sydney's exclusive eastern suburbs.
Pittsburgh-area man found guilty of killing wife at U-Haul facility Alfred Steele of Apollo was found guilty following a four-day trial. He was accused of killing Kelly Steele at the U-Haul facility. Officials said he shot his wife in the back of the head when they met at the facility.
CHART OF THE DAY: What recession? A record number of US consumers plan to vacation in a foreign country in the next 6 months Apollo said the strong demand in consumer services means inflation could be difficult to contain. About 24% plan to visit a foreign country, well above pre-pandemic levels of 10%-14%.
The Apollo program continues to inspire 'moonshots' in the 21st century The 20th century reverberations from the Apollo program continue to waft through our 21st century society. From the quest for cancer cures to new strides in artificial intelligence, these are innovative ways to make something unexpected happen.
Apollo 8 astronaut Frank Borman who first circled the moon dies aged 95 Borman died Tuesday in Billings, Montana, according to NASA. He and his crew, James Lovell and William Anders, were the first Apollo mission to fly to the moon. They circled the moon 10 times between December 24 and 25 before heading home on December 27.
Frank Borman, who commanded the first Apollo mission to the moon, dies at 95 Borman died Tuesday in Billings, Montana, according to NASA. He and his crew, James Lovell and William Anders, were the first Apollo mission to fly to the moon.
Frank Borman dead: Astronaut who commanded Apollo 8 has passed away at age 95 - decades after... Borman died Tuesday in Billings, Montana, according to NASA. He and his crew, James Lovell and William Anders, were the first Apollo mission to fly to the moon.
Astronaut Frank Borman, commander of the first Apollo... Borman and his crew were the first Apollo mission to fly to the moon. He also led troubled Eastern Airlines in the 1970s and early '80s. He received the Congressional Space Medal of Honor from President Jimmy Carter.
Astronaut Frank Borman, commander of the first Apollo mission to the moon, has died at age 95 Borman and his crew were the first Apollo mission to fly to the moon. He also led troubled Eastern Airlines in the 1970s and early '80s. Borman died Tuesday in Billings, Montana, according to NASA.
Astronaut Frank Borman, commander of the first Apollo mission to the moon, has died at age 95 Borman and his crew were the first Apollo mission to fly to the moon. He also led troubled Eastern Airlines in the 1970s and early '80s. Borman died Tuesday in Billings, Montana, according to NASA.
Pizza Express pulls out of running to buy Wagamama owner Wheel Topco said last month that it was mulling over a potential offer for TRG. But on Tuesday it told investors that it does not intend to make a firm offer. Comes after bosses at TRG agreed to sell the business to Apollo.
Pizza Express pulls out of running to buy Wagamama owner Wheel Topco said last month it was mulling over a potential offer for TRG. But on Tuesday it told investors that it does not intend to make a firm offer. The interest came after bosses at TRG agreed to sell the business to Apollo.
Billionaire Marc Rowan used Wall Street tactics to strong-arm Penn over antisemitism, trustee says Apollo CEO Marc Rowan halted donations to UPenn over its response to Hamas' attacks on Israel. A Penn trustee accused Rowan of using aggressive Wall Street tactics to pressure the college. Rowan is one of many CEOs involved in an Ivy League donor revolt over college campus antisemitism.
Who Is Omar Apollo? 5 Things to Know About the Singer Omar Apollo posed nude for a painting by artist Doran Langberg. The painting was featured on the cover of Apollo’s Live for Me EP. Apollo rose to fame in 2017 after uploading his song “Ugotme” to Spotify. His debut EP, Stereo, was released in May 2018.
Ivy League Mega-Donors Hit Pause Amid Israel Fallout Billionaire captains of industry who’ve donated hundreds of millions of dollars to their Ivy League alma maters are halting or reconsidering their donations. Citadel founder Ken Griffin, Apollo CEO Marc Rowan, Estee Lauder tycoon Ron Lauder and scores of other ultra-high-net-worth donors have expressed their alarm over the response of students and presidents.
The US is headed for recession, but a key difference from past downturns could make it milder, Apollo chief economist says US economy is headed for a recession, but it's likely to be milder than prior slumps, Apollo's chief economist said. That's because any potential slowdown this time around would be "engineered" by the Fed. When recession arrives, the Fed can undo the measures it took that initially slowed the economy.
Greatest mystery of the Moon finally unravelled Crystals collected by Apollo astronauts have proved the Moon is much older than thought – and may have even helped answer the biggest lunar mystery. How did the Moon get here? The Moon, Earth’s natural satellite, determines the length of an Earth day and gives us tides. But no one is quite sure where it came from. Giant-impact theory suggests that in its early years Earth was hit by another small planet about the size of Mars.
The moon is 40 million years OLDER than scientists thought, study claims crystals brought back from the last Apollo mission in 1972 have been used to estimate the exact age of the moon. This is because that high-energy collision melted the rock which eventually became the moon's surface - creating a magma ocean.
Sam Bankman-Fried sought 'justifications' for missing... Can Sun, FTX's former general counsel, testified at Bankman-Fried's fraud trial. Sun testified that the company on Nov. 7, 2022, was engaged in talks with investment fund Apollo for emergency capital to cover a wave of customer withdrawals. "I was shocked," said Sun, who testified under a non-prosecution agreement.
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