---
title: "Yahoo Explores $1.6 Billion Loan Refinancing Amid Investor Meetings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282082092.md"
description: "Yahoo Inc. is in early discussions to refinance $1.6 billion in leveraged loans, led by Royal Bank of Canada. The refinancing may involve a $1.1 billion leveraged loan and $500 million in secured debt, with a potential five-year maturity. Initial pricing suggests yields in the mid-to-high 9% range for secured debt and around 5.5 percentage points over the US benchmark for the leveraged loan. This move aims to reshape Yahoo's capital structure ahead of upcoming maturities, as Apollo Global Management evaluates options for its capital stack."
datetime: "2026-04-08T18:05:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282082092.md)
  - [en](https://longbridge.com/en/news/282082092.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282082092.md)
---

# Yahoo Explores $1.6 Billion Loan Refinancing Amid Investor Meetings

Yahoo Inc. has begun early-stage discussions with lenders to refinance roughly $1.6 billion in leveraged loans, pointing to a potential effort to reshape its capital structure ahead of upcoming maturities. According to people familiar with the matter, Royal Bank of Canada is leading investor meetings this week to gauge appetite for a financing package that could include a $1.1 billion leveraged loan alongside $500 million in other secured debt. The conversations remain preliminary, suggesting terms could still evolve as investor feedback comes in.

Early indications from these discussions suggest the proposed debt could carry a five-year maturity, with pricing that may attract yield-focused demand in the current environment. The secured portion is being discussed at yields in the mid-to-high 9% range, while the leveraged loan could come at around 5.5 percentage points over the US benchmark and be priced at 98.5 cents on the dollar. These levels appear broadly consistent with Yahoo's existing debt structure, which was originally issued with a similar spread, though final pricing and structure are not yet locked in.

The refinancing effort comes as Apollo Global Management Inc. , which acquired Yahoo from Verizon Communications Inc. in 2021 for $5 billion, evaluates options to address its capital stack. Yahoo currently has approximately $1.6 billion in leveraged loans maturing in September 2027, and this process could be an early move to extend maturities and secure investor demand while credit conditions remain fluid.

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