Not for release, publication or distribution in the United States
AP Alternative Assets, L.P. (Euronext Amsterdam: AAA) announced
today that AAA Investments, L.P. is in the process of establishing a
senior secured credit facility with certain lenders. This facility is
anticipated to have an initial availability of at least $750 million
and should be finalized in the near term. If such credit facility is
ultimately consummated, it is anticipated that it will provide AAA
with incremental liquidity and be used in connection with short-term
liquidity needs in addition to, leverage for portfolio investments. It
is currently anticipated that there will not be an immediate drawdown
on this credit facility, but rather drawdowns may occur during the
third quarter 2007 and beyond based on AAA's investment pace.
About AAA
AP Alternative Assets was established by Apollo and is a
closed-end limited partnership established under the laws of Guernsey.
Apollo is a leading private equity and capital markets investor with
17 years of experience investing across the capital structure of
leveraged companies. AP Alternative Assets is managed by Apollo
Alternative Assets and invests in and co-invests with Apollo's private
equity and capital markets investment funds.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements involve risks and uncertainties because
they relate to future events and circumstances. Such statements are
based on currently available operating, financial and competitive
information and are subject to various risks and uncertainties that
could cause actual results and developments to differ materially from
the historical experience and expressed or implied expectations of
AAA. Undue reliance should not be placed on such forward-looking
statements. Forward-looking statements speak only as of the date on
which they are made and AAA does not undertake to update its
forward-looking statements unless required by law.
