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Term Sheet: Upcoming Fed meeting keeps US lenders on edge; Apollo-backed Athene tacks on studio exposure with $480m loan; use of ‘blend and extend’ financing emerges
Market analysts anticipate pause to slight bump on rate hikes at next week’s Federal Reserve meeting; Apollo subsidiary Athene originates $480 million studio redevelopment financing as insurers gain more lending ground in bank absence; more equity and preferred equity comes into play as ‘blend and extend’ financing methods pick up in usage; and more in today’s Term Sheet, exclusively for our valued subscribers.
