Franchise Group To Avail Loan From Apollo For Kohl's Buyout: New York Post

by Shivani Kumaresan, Benzinga Staff Writer

June 9, 2022 2:32 PM | 1 min read | Make a Comment

Franchise Group Inc FRG is considering taking more than $2 billion in loan from Apollo Global Management, Inc. APO to acquire Kohl’s Corp KSS, New York Post reported.
Kohl’s board recently confirmed negotiations with Franchise Group over a $60 per share bid.
The report noted Apollo is considering lending money to fund the buyout at less than three times Kohl’s EBITDA.
Price Action: FRG shares are trading higher by 8.09% at $43.70 on the last check Thursday.
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