Don’t expect Citrix to reopen markets, says Apollo chief

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Don’t expect Citrix to reopen markets, says Apollo chief

Sasha Padbidri's avatar
  1. Sasha Padbidri
2 min read

The syndication of Citrix’s buyout debt may be going better than many anticipated, but market participants should not view this as a sign that the credit markets are open for business, according to the co-head of Apollo Global Management’s private equity business.

Speaking at the SuperReturnUS conference, David Sambur — who runs Apollo’s private equity division alongside Matt Nord — said that volatility in the stock market was making it hard for banks to underwrite new debt transactions.

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