Sona, Apollo Short the Bonds of Auto-Supplier Adler Pelzer
NegativeFinancial Markets

Sona Asset Management, Apollo Global Management, and Axebrook Capital are betting against the debt of Adler Pelzer Holding GmbH, an auto-parts manufacturer, suggesting they believe the company will face challenges in refinancing its debt. This situation is significant as it highlights the financial struggles within the auto supply industry, which could have broader implications for the market and investors.
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