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Stock Market & Financial Investment News

News Breaks
October 26, 2012
07:01 EDTAPO, PGRXApollo, Prospect Global Res. enter exclusivity arrangement for $100M investment
Prospect Global Resources (PGRX) announced that it has entered into an exclusivity arrangement with an affiliate of Apollo Global Management, LLC (APO) pursuant to which funds managed by APO would purchase $100M of newly issued 10% Convertible Second Lien Notes, expected to fund in the 1H of 2013. Additionally, Apollo would have an option to purchase 16.7M shares of Prospect Global common stock at an exercise price of $3.00/share, which, if exercised, would provide additional net proceeds to Prospect Global of $50.1M. The company intends to use the proceeds from the Apollo financing to continue development of its proposed potash mining facility being developed in Holbrook, Arizona, by the company's wholly-owned subsidiary, American West Potash.
News For PGRX;APO From The Last 14 Days
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January 26, 2015
06:58 EDTAPOCerberus may acquire newspaper group Digital First for $600M, Bloomberg says
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January 25, 2015
15:40 EDTAPOCaesar's sued for attempting to buy bank lenders’ votes, Bloomberg says
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January 23, 2015
07:50 EDTAPOApollo having trouble securing financing for Presidio deal, Reuters says
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January 15, 2015
08:15 EDTAPOApollo may have hard time with Caesar's 'fairness' test, Bloomberg says
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January 14, 2015
06:25 EDTAPOCaesar's unit expected to file own Chapter 11 bankruptcy petition, WSJ reports
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January 13, 2015
15:51 EDTAPOSpringleaf, Apollo Global among bidders for OneMain, Bloomberg says
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