Matt Levine

speaker

4,099 appearances 10 recordings 1 series first heard Jun 2026 last heard 3d ago

Matt Levine’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 10 in all, peaking in Jul 2026 with 5.

Appearances

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Money Stuff: The Podcast · What's the Concern? · 11 Sep 2026 podcast

Apollo, because it is sort of known as the most aggressive sponsor at extracting value from creditors, it was just they did a regression with Apollo in one bucket and and the other sponsors in the other, and they found that voice-verified

The most aggressive sponsors pay higher yields than those owned by more genial sponsors. voice-verified

And they found that Apollo loans in particular carry a premium of about a hundred basis points compared to other sponsors. voice-verified

Yeah, yeah. voice-verified

I mean, like a hundred basis points, you know, the f of spread on a sample where like the average thing yields seven hundred and seventeen basis points. voice-verified

That's like a jerk premium? voice-verified

Well, so what I wrote about this is like voice-verified

So like Apollo would dispute this, but like yeah, I think it's fair to characterize it as a jerk premium. voice-verified

Or let's not even say jerk. voice-verified

Let's just say aggressiveness premium. voice-verified

Yeah, but like what is aggressiveness? voice-verified

Like what I wrote is like I don't think it's um it's not like a moral premium. voice-verified

It's not like people are mad and so they're like, ah, you have to pay more 'cause I'm mad. voice-verified

It's saying, look, we know that Apollo has his reputation for extracting value from creditors. voice-verified

We're a creditor. voice-verified

We don't want value extracted from us. voice-verified

But we expect them to extract value from us. voice-verified

That's why, you know, that's what they do. voice-verified

And if we expect them to extract value from us, we have to charge them for that up front. voice-verified

And so we charge them an extra hundred basis points. voice-verified

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