Rising tensions in the Middle East and worrying inflation data might have taken some of the wind out of the credit market’s sails in the last week or so, but primary market flow has been fairly persistent.

With high yield spreads tightening after gapping out last week, RBC decided the timing was right to offload the bridge financing it committed to Apollo’s buyout of Tenneco back in 2022, with a $365m senior note sale launched on Wednesday. The deal was promptly sold to…Apollo, according to 9fin sources, which adds to the asset manager’s $532m position in the bridge that it disclosed in filings last week.