The Financial Post reports in its Wednesday edition that Yahoo has started discussions with lenders to refinance about $1.6-billion of leveraged loans (all figures U.S.). A Bloomberg dispatch to the Post says Royal Bank of Canada is leading investor meetings this week to gauge appetite for a possible $1.1-billion leveraged loan and $500-million in other secured debt, according to unnamed sources. The debt would be expected to mature in five years. Based on discussions so far, the secured debt could come with a yield of mid- to high 9 per cent. The loans could offer 5.5 percentage points over the U.S. benchmark and come at a discounted price of 98.5 cents on the dollar. Talks with investors are at an early stage, the sources stressed. Representatives for RBC and Apollo Global Management, which owns Yahoo, declined to comment on the record. Yahoo has about $1.6-billion in leveraged loans maturing in September, 2027, according to data compiled by Bloomberg. Both tranches of debt were sold at 5.5 percentage points over the benchmark, the data show. Apollo bought the business from Verizon Communications Inc. in 2021 for $5-billion. The company sold the existing debt in July of that year to finance its buyout.