Market Chatter: Apollo's Brightspeed Warns of Going-Concern Risk

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Apollo Global Management-backed (APO) Brightspeed informed investors there's significant doubt it can continue as a going concern, Bloomberg reported Tuesday, citing people familiar with the matter.

The broadband provider reported Q2 revenue of $386 million, down 8.7% from a year earlier, the report said.

Brightspeed notified investors it is exploring an asset-backed securitization, among other financing options, to buttress its balance sheet, the report said.

Brightspeed didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 135.12, Change: -1.47, Percent Change: -1.07

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 135.12, Change: -1.47, Percent Change: -1.07</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4184","symbol_name":"其它综合性金融服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2664576638","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664576638","pubTimestamp":1788273748,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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