Apollo Global Management provides $585 million financing to office provider TEC

Wed, September 16, 2026 at 2:52 AM UTC

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Sept 15 (Reuters) - Apollo Global Management has extended $585 million in financing to office space provider The Executive Centre (TEC), the U.S.-based asset manager said on Tuesday.

Here are some more details about the deal:

• The proceeds will be used to refinance existing debt and support TEC's expansion plans.

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• Bloomberg reported last month that TEC was seeking a loan of about $500 million to refinance debt and fund capital expenditures.

• Headquartered in Hong Kong, TEC operates workspaces in the Asia-Pacific region and the Middle East, with a portfolio of over 260 centres across 38 cities.

(Reporting by Ruchika Khanna in Bengaluru; Editing by Rashmi Aich)

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Source: “AOL Money”