Leaf Home Secures $4 Billion Financing Deal with Ares and Apollo for Erie Home Acquisition

Leaf Home, a private equity-owned residential services company, has received a $4 billion private credit deal from Ares Management and Apollo Global Management. Ares led a $1.9 billion preferred equity investment, while Apollo led a $2 billion debt package. The deal will refinance Leaf Home's capital structure and help finance the acquisition of Erie Home. The combined company will have a presence in 48 US states and Canada.