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Apollo Prices Offering of Senior Notes

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Apollo Global Management (NYSE:APO) has priced an offering of $500 million in Senior Notes due 2035. The notes will bear interest at 5.150% per annum, payable semi-annually starting February 12, 2026. The offering is expected to close on August 12, 2025.

The net proceeds of approximately $495.5 million will be used for general corporate purposes, including the repayment of Bridge Investment Group Holdings LLC's outstanding senior secured notes following Apollo's previously announced acquisition of Bridge Investment Group Holdings Inc.

The offering is being managed by several financial institutions, with Citigroup Global Markets, BofA Securities, Barclays Capital, and Goldman Sachs serving as joint book-running managers.

Apollo Global Management (NYSE:APO) ha emesso un'offerta di 500 milioni di dollari in Note Senior con scadenza 2035. Le note avranno un interesse del 5,150% annuo, pagabile semestralmente a partire dal 12 febbraio 2026. La chiusura dell'offerta è prevista per il 12 agosto 2025.

Il ricavato netto di circa 495,5 milioni di dollari sarà destinato a scopi aziendali generali, inclusa la restituzione delle note senior garantite in circolazione di Bridge Investment Group Holdings LLC, a seguito dell'acquisizione precedentemente annunciata da parte di Apollo di Bridge Investment Group Holdings Inc.

L'offerta è gestita da diverse istituzioni finanziarie, con Citigroup Global Markets, BofA Securities, Barclays Capital e Goldman Sachs che operano come joint book-running managers.

Apollo Global Management (NYSE:APO) ha valorado una emisión de 500 millones de dólares en Notas Senior con vencimiento en 2035. Las notas devengarán un interés del 5,150% anual, pagadero semestralmente a partir del 12 de febrero de 2026. Se espera que la oferta cierre el 12 de agosto de 2025.

Los ingresos netos de aproximadamente 495,5 millones de dólares se utilizarán para fines corporativos generales, incluyendo el pago de las notas senior garantizadas pendientes de Bridge Investment Group Holdings LLC tras la adquisición previamente anunciada por Apollo de Bridge Investment Group Holdings Inc.

La oferta está siendo gestionada por varias instituciones financieras, con Citigroup Global Markets, BofA Securities, Barclays Capital y Goldman Sachs como gestores conjuntos del libro de órdenes.

Apollo Global Management (NYSE:APO)� 2035� 만기 5� 달러 규모� 선순� 채권 발행� 가� 책정했습니다. � 채권은 � 5.150%� 이자� 지급하�, 2026� 2� 12일부� 반기별로 이자가 지급됩니다. 이번 발행은 2025� 8� 12일에 마감� 예정입니�.

4� 9,550� 달러� 순수익은 일반 기업 목적� 사용되며, 이전� 발표� Apollo� Bridge Investment Group Holdings Inc. 인수� 따른 Bridge Investment Group Holdings LLC� 미지� 선순� 담보 채권 상환� 포함됩니�.

이번 발행은 여러 금융기관� 관리하�, Citigroup Global Markets, BofA Securities, Barclays Capital, Goldman Sachs가 공동 주관사로 참여하고 있습니다.

Apollo Global Management (NYSE:APO) a fixé le prix d'une émission de 500 millions de dollars en obligations senior arrivant à échéance en 2035. Les obligations porteront un intérêt de 5,150% par an, payable semestriellement à partir du 12 février 2026. La clôture de l'offre est prévue pour le 12 août 2025.

Le produit net d'environ 495,5 millions de dollars sera utilisé à des fins générales d'entreprise, y compris le remboursement des obligations senior garanties en circulation de Bridge Investment Group Holdings LLC suite à l'acquisition précédemment annoncée par Apollo de Bridge Investment Group Holdings Inc.

L'offre est gérée par plusieurs institutions financières, avec Citigroup Global Markets, BofA Securities, Barclays Capital et Goldman Sachs en tant que gestionnaires conjoints du livre d'ordres.

Apollo Global Management (NYSE:APO) hat eine Emission von 500 Millionen US-Dollar in Senior Notes mit Fälligkeit 2035 bepreist. Die Notes werden mit 5,150% jährlich verzinst, zahlbar halbjährlich ab dem 12. Februar 2026. Der Abschluss der Emission wird für den 12. August 2025 erwartet.

Der Nettoerlös von etwa 495,5 Millionen US-Dollar wird für allgemeine Unternehmenszwecke verwendet, einschließlich der Rückzahlung der ausstehenden vorrangig besicherten Schuldverschreibungen von Bridge Investment Group Holdings LLC nach der zuvor angekündigten Übernahme von Bridge Investment Group Holdings Inc. durch Apollo.

Die Emission wird von mehreren Finanzinstituten verwaltet, wobei Citigroup Global Markets, BofA Securities, Barclays Capital und Goldman Sachs als gemeinsame Bookrunner fungieren.

Positive
  • Successful pricing of $500 million Senior Notes offering indicates strong market confidence
  • Strategic use of proceeds to refinance Bridge Investment Group's debt post-acquisition
  • Relatively attractive 5.150% interest rate in current market conditions
  • Strong syndicate of leading financial institutions supporting the offering
Negative
  • Additional long-term debt obligation through 2035
  • Approximately $4.5 million in underwriting costs reducing net proceeds
  • Increased interest expense will impact future cash flows

Insights

Apollo's $500M debt offering at 5.15% will fund Bridge acquisition and demonstrates strong capital market access despite higher rate environment.

Apollo Global Management's $500 million senior notes offering represents a strategic move to secure long-term financing in today's interest rate environment. The 5.15% coupon rate for 10-year notes reflects Apollo's strong credit profile, especially considering current market conditions where corporate borrowing costs remain elevated compared to historical norms.

The proceeds of approximately $495.5 million (after underwriting discounts) are earmarked for general corporate purposes but specifically to finance the acquisition of Bridge Investment Group Holdings Inc. by repaying Bridge LLC's existing senior secured notes and other debt obligations. This debt refinancing strategy allows Apollo to replace Bridge's potentially higher-cost debt with its own lower-cost financing, immediately capturing synergies from the acquisition.

The impressive syndicate of underwriters, led by major financial institutions including Citigroup, BofA Securities, Barclays, and Goldman Sachs, signals strong institutional confidence in Apollo's credit quality. The semi-annual interest payments beginning February 2026 create a predictable debt service schedule that aligns with Apollo's cash flow generation capabilities.

This offering demonstrates Apollo's continued access to capital markets at reasonable rates despite the challenging interest rate landscape. By securing 5.15% fixed-rate financing for a decade, Apollo protects itself from potential future rate increases while maintaining financial flexibility. This debt issuance appears to be part of Apollo's broader strategy to optimize its capital structure while executing on strategic acquisitions to drive future growth.

NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer� and, together with its consolidated subsidiaries, “Apollo�) today announced that it has priced an offering (the “Offering�) of $500 million aggregate principal amount of its 5.150% Senior Notes due 2035 (the “notes�).

The notes will be fully and unconditionally guaranteed by certain subsidiaries of the Issuer that are obligors under the Issuer’s outstanding debt securities. The Offering is expected to close on August 12, 2025, subject to customary closing conditions.

The notes will bear interest at a rate of 5.150% per annum, payable semi-annually in arrears on February 12 and August 12 of each year, commencing on February 12, 2026.

The net proceeds from the Offering will be approximately $495.5 million, after deducting the underwriting discount but before Offering expenses. Apollo intends to use the proceeds from the Offering for general corporate purposes, including to repay, upon the consummation of the previously announced acquisition of Bridge Investment Group Holdings Inc., all issued and outstanding senior secured notes of Bridge Investment Group Holdings LLC (“Bridge LLC�) (collectively, the “Bridge Senior Notes�) and certain other indebtedness of Bridge LLC, and to pay related fees and expenses in connection with the Offering and the use of proceeds therefrom.

Citigroup Global Markets Inc., BofA Securities, Inc., Barclays Capital Inc. and Goldman Sachs & Co. LLC are acting as joint book-running managers. Apollo Global Securities, LLC, BMO Capital Markets Corp., BNP Paribas Securities Corp., HSBC Securities (USA) Inc., MUFG Securities Americas Inc., Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC are acting as co-managers for the Offering.

The Offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the “SEC�). The Offering is being made by means of a prospectus and related preliminary prospectus supplement only. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is available on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained by contacting the joint book-running managers: Citigroup Global Markets Inc., telephone: 1-800-831-9146; BofA Securities, Inc., telephone: 1-800-294-1322; Barclays Capital Inc., telephone: 1-888-603-5847 and Goldman Sachs & Co. LLC, telephone: 1-866-471-2526.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release shall not constitute a notice of redemption with respect to the Bridge Senior Notes.

Forward-Looking Statements

In this press release, references to “Apollo,� “we,� “us,� “our� and the “Company� refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the completion of, and the use of proceeds from, the sale of the notes, the performance of its business, its liquidity and capital resources and the other non-historical statements in the discussion and analysis. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,� “anticipate,� “estimate,� “expect,� “intend,� “target� or future or conditional verbs, such as “will,� “should,� “could,� or “may,� and variations of such words or similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to inflation, interest rate fluctuations and market conditions generally, international trade barriers, domestic or international political developments and other geopolitical events, including geopolitical tensions and hostilities, the impact of energy market dislocation, our ability to manage our growth, our ability to operate in highly competitive environments, the performance of the funds we manage, our ability to raise new funds, the variability of our revenues, earnings and cash flow, the accuracy of management’s assumptions and estimates, our dependence on certain key personnel, our use of leverage to finance our businesses and investments by the funds we manage, the ability of Athene Holding Ltd. (“Athene�) to maintain or improve financial strength ratings, the impact of Athene’s reinsurers failing to meet their assumed obligations, Athene’s ability to manage its business in a highly regulated industry, changes in our regulatory environment and tax status, and litigation risks, among others. We believe these factors include but are not limited to those described under the section entitled “Risk Factors� in the Issuer’s annual report on Form 10-K filed with the SEC on February 24, 2025, as such factors may be updated from time to time in the Issuer’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the Issuer’s other filings with the SEC. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of Apollo or any Apollo fund.

Contacts

For investors please contact:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491


FAQ

What is the size and interest rate of Apollo's (APO) new Senior Notes offering?

Apollo priced $500 million in Senior Notes due 2035 with an interest rate of 5.150% per annum, payable semi-annually.

When will Apollo's (APO) new Senior Notes offering close?

The offering is expected to close on August 12, 2025, subject to customary closing conditions.

How will Apollo (APO) use the proceeds from the Senior Notes offering?

Apollo will use the $495.5 million net proceeds for general corporate purposes, including repaying Bridge Investment Group Holdings' outstanding senior secured notes following its acquisition.

Who are the main underwriters for Apollo's (APO) Senior Notes offering?

The joint book-running managers are Citigroup Global Markets, BofA Securities, Barclays Capital, and Goldman Sachs.

What is the payment schedule for Apollo's (APO) new Senior Notes?

Interest will be paid semi-annually on February 12 and August 12 of each year, starting February 12, 2026.
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