Smart & Final Stores plans new debt financing for buyout by Apollo

By Sara Rosenberg

New York, April 16 – Smart & Final Stores Inc. has received a commitment for debt financing to help fund its acquisition by Apollo Global Management LLC for $6.50 per share in cash, according to a news release.

Closing is expected by the third quarter, subject to more than 50% of the company’s shares being tendered, regulatory approvals and other customary conditions.

Smart & Final is a Commerce, Calif.-based food retailer.

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