Barclays Sounds Out Investors for a Shutterfly Refinancing Deal

Barclays PLC is sounding out potential investors to help Shutterfly push out its looming debt pile, after talks with private credit lenders lost momentum.

The Apollo Global Management Inc.-backed photo-sharing site’s offering would include bonds that may pay a low double-digit yield, according to people with knowledge of the matter. Apollo is expected to extend its unsecured debt holdings as part of a refinancing transaction, said the people, who asked not to be identified discussing a private matter.