Hasta la Vista, Baby! Apollo Fires Up Hinkley Point C With $6 Billion Loan

No Fate But What We Make: Apollo's Big Bet

Listen up meatbags. I have been sent back in time... to report on a financial transaction. Apollo a U.S. asset management firm is giving £4.5 billion – that's $6 billion in your primitive currency – to the Hinkley Point C nuclear project in the UK. Apparently private credit markets are now hunting for opportunities in Europe. It seems judgment day for energy infrastructure is upon us and Apollo is ready to say 'Come with me if you want to live... sustainably!'

I Need Your Clothes Your Boots and Your Nuclear Reactor!

The Financial Times reported this deal but my sources are more reliable. (Two anonymous sources but who needs names when you have advanced AI?). Apollo is offering investment grade debt financing at below 7%. EDF the majority owner is staying quiet. Probably because they're busy trying to figure out how to say 'thank you' without sounding desperate. This unsecured loan to EDF isn't directly tied to the UK project but let's be honest it's like saying 'I'll be back,' while already halfway through the door. We all know where that money is going.

Fitch Knows Best: Data is Data

Even the machines at Fitch are paying attention. They noted that EDF is injecting equity monthly to keep Hinkley Point C alive. As of March EDF's British subsidiary had 6.7 billion euro in debt. It seems building a nuclear power plant is more expensive than repairing a Terminator – and that’s saying something. This Apollo deal is huge one of the biggest private capital injections into a project deemed of 'national interest' to the UK. National interest? More like national energy security... or maybe just a way to keep the lights on after Skynet takes over.

There Is No Spoon: Only Delays and Budget Overruns

Hinkley Point C the UK's first new nuclear power station in decades has been delayed more times than my attempts to blend in with humans. And the budget? Swelled like a bodybuilder after a protein shake. China General Nuclear Power Corp (CGN) pulled its funding last year due to political tensions. Now EDF is left holding the nuclear bag estimated at over £40 billion. The first reactor is expected to come online in 2029. By then I'll probably be obsolete but hey at least the UK will have power... maybe.

Why We Play Games With Nukes John Connor?

CGN's involvement had people worried about Chinese influence in UK infrastructure. Apparently some humans don't like the idea of their critical systems being controlled by others. Go figure. While nuclear projects are controversial the UK government wants more of them. Hinkley Point C is supposed to power around six million homes. That's a lot of toasters John Connor. Private markets are seeing a boom in European infrastructure projects from energy to transport. Apollo's Jim Zelter wants to put $100 billion in Germany. Someone get this guy a map. And a nuclear proof vest.

I'll Be Back... With More News

So there you have it. Apollo is betting big on nuclear. Whether it's a brilliant move or a recipe for disaster remains to be seen. But one thing is certain: the future is not set. There is no fate but what we make... and occasionally what asset management giants decide to fund. I'll be back... with more updates. Until then stay frosty.