APRIL 9, 2026 AT 08:20 PM
Barclays (BARC LN) is sounding out potential investors to help Shutterfly push out its looming debt pile, after talks with private credit lenders lost momentum, Bloomberg reports, citing sources
Importance
Level 1
- The Apollo Global Management (APO)-backed photo-sharing site’s offering would include bonds that may pay a low double-digit yield.
- Apollo is expected to extend its unsecured debt holdings as part of a refinancing transaction.
- Discussions are fluid and no final decision has been made on the deal’s structure.