Apollo and ATLAS Form $5 Billion Strategic Collaboration With BNP Paribas

Paul, Weiss advised Apollo and ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds, in their $5 billion strategic financing and capital markets collaboration with BNP Paribas, the European Union’s leading global bank.

Under the terms of the collaboration, BNP will make a day-one financing commitment of $5 billion, which is expected to increase over time. The commitment supports investment-grade, asset-backed credit originated by Apollo and ATLAS, alongside a capital markets collaboration to support securitizations sourced by Apollo and ATLAS issuer clients.

The Paul, Weiss team included, among others, partners Robert Tananbaum, Robert Zochowski and Gregory Ezring and counsel David Gerst, Mikhel Schecter, Gabriella Toossi and Scott Balterman; restructuring partner Kyle Kimpler; and executive compensation counsel Jake Glazeski.