Apollo Global Management Announces Senior Notes Offering
Apollo Global Management, Inc. (NYSE: APO) has made a significant announcement, revealing that it has priced an offering of $500 million in aggregate principal amount of 5.150% Senior Notes that are set to mature in 2035. This strategic move comes as part of Apollo's efforts to bolster its financial standing and pursue further growth opportunities.
Details of the Offering
The planned offering will be fully guaranteed unconditionally by certain subsidiaries of the issuer involved with its existing debt securities. This level of assurance provides investors with confidence in the reliability of their investment. The offering is expected to reach completion soon, contingent upon standard closing conditions.
Interest Rates and Payment Schedule
Investors can expect a competitive interest rate of 5.150% per annum, payable semi-annually in arrears. The initial payment will commence on February 12, 2026, aligning with the company's ongoing commitment to returning value to its stakeholders.
Deployment of Funds
The net proceeds from this offering are anticipated to amount to around $495.5 million after deducting underwriting discounts and excluding offering expenses. Apollo plans to utilize these funds for various corporate purposes, including the repayment of existing senior secured notes from Bridge Investment Group Holdings LLC and covering related fees and costs associated with this offering.
Involvement of Leading Financial Institutions
Several prominent financial institutions are collaborating with Apollo on this offering. Citigroup Global Markets, BofA Securities, Barclays Capital, and Goldman Sachs are acting as joint book-running managers. Meanwhile, a range of co-managers, including Apollo Global Securities and BMO Capital Markets, are supporting the initiative, demonstrating Apollo's strong network in the financial sector.
Regulatory Compliance and Transparency
The offering proceeds under an effective shelf registration statement that Apollo has filed with the U.S. Securities and Exchange Commission (SEC). This transparency ensures that the offering adheres to regulatory standards, providing investors with the necessary documentation, which includes a preliminary prospectus supplement available through official channels.
Investor Relations Contact Information
For additional queries regarding this offering, prospective investors can reach out to Noah Gunn, the Global Head of Investor Relations at Apollo. He can be contacted at (212) 822-0540 or via email at IR@apollo.com. Joanna Rose, the Global Head of Corporate Communications, is also available for inquiries at (212) 822-0491 or through communications@apollo.com.
Frequently Asked Questions
What is the primary goal of Apollo's Senior Notes Offering?
The main objective of this offering is to raise funds for general corporate purposes, including repaying existing debts and supporting future acquisitions.
Who are the key managers involved in the offering?
Citigroup Global Markets, BofA Securities, Barclays Capital, and Goldman Sachs are serving as the joint book-running managers for this offering.
What will be the interest rate on the Senior Notes?
The Senior Notes will bear an interest rate of 5.150% per annum, which is payable semi-annually.
When will the interest payments begin?
The first interest payment will be on February 12, 2026, marking the start of semi-annual payments to noteholders.
Who should investors contact for more information?
Investors can contact Noah Gunn for inquiries about the offering, or reach out to Joanna Rose for corporate communications.
