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STOCK TITAN

[8-K] Apollo Global Management, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Apollo Global Management issued $500,000,000 of 5.150% Senior Notes due 2035 on August 12, 2025. The Notes accrue interest at 5.150% per year, payable semi-annually on February 12 and August 12 of each year beginning February 12, 2026, and will mature on August 12, 2035 unless earlier redeemed or repurchased. The debt was issued under an indenture with U.S. Bank Trust Company, National Association as trustee.

The company stated it will use proceeds for general corporate purposes, including to repay, upon the consummation of the acquisition of Bridge Investment Group Holdings Inc., all issued and outstanding senior secured notes of Bridge Investment Group Holdings LLC and certain other indebtedness, and to pay related fees and expenses. The Notes were sold under an effective Form S-3 shelf registration and were underwritten by Citigroup, BofA Securities, Barclays and Goldman Sachs; legal opinion from Paul, Weiss is filed as an exhibit.

Apollo Global Management ha emesso 500.000.000 di dollari di obbligazioni senior al 5,150% con scadenza 2035 il 12 agosto 2025. Le Note maturano interessi al tasso annuo del 5,150%, pagabili semestralmente il 12 febbraio e il 12 agosto di ogni anno a partire dal 12 febbraio 2026, e scadranno il 12 agosto 2035 salvo riscatto o riacquisto anticipato. Il debito è stato emesso ai sensi di un indenture con U.S. Bank Trust Company, National Association, in qualità di trustee.

La società ha dichiarato che utilizzerà i proventi per scopi aziendali generali, incluso il rimborso, al perfezionamento dell'acquisizione di Bridge Investment Group Holdings Inc., di tutte le note senior garantite emesse e in circolazione di Bridge Investment Group Holdings LLC e di alcuni altri debiti, nonché per il pagamento delle relative commissioni e spese. Le Note sono state collocate nell'ambito di una registrazione shelf efficace ai sensi del Form S-3 e sono state sottoscritte da Citigroup, BofA Securities, Barclays e Goldman Sachs; l'opinione legale di Paul, Weiss è depositata come allegato.

Apollo Global Management emitió 500.000.000 de dólares en Notas Senior al 5,150% con vencimiento en 2035 el 12 de agosto de 2025. Las Notas generan intereses al 5,150% anual, pagaderos semestralmente los días 12 de febrero y 12 de agosto de cada año, a partir del 12 de febrero de 2026, y vencerán el 12 de agosto de 2035 salvo que sean redimidas o recompradas anticipadamente. La deuda se emitió bajo un indenture con U.S. Bank Trust Company, National Association como fiduciario.

La compañía indicó que usará los ingresos para fines corporativos generales, incluyendo el reembolso, al consumarse la adquisición de Bridge Investment Group Holdings Inc., de todas las notas senior garantizadas emitidas y en circulación de Bridge Investment Group Holdings LLC y de ciertas otras deudas, y para pagar honorarios y gastos relacionados. Las Notas se vendieron bajo un registro shelf efectivo en Form S-3 y fueron suscritas por Citigroup, BofA Securities, Barclays y Goldman Sachs; la opinión legal de Paul, Weiss se presenta como anexo.

Apollo Global Management� 2025� 8� 12일에 2035� 만기 5.150% 선순� 채권 5� 달러� 발행했습니다. � 채권은 � 5.150%� 이자가 발생하며, 2026� 2� 12일부� 시작하여 매년 2� 12일과 8� 12일에 반기별로 이자가 지급되�, 조기 상환 또는 재매입되지 않는 � 2035� 8� 12일에 만기됩니�. � 부채는 신탁 수탁자인 U.S. Bank Trust Company, National Association와� 인덴�(Indenture)� 따라 발행되었습니�.

회사� 수익금을 일반 기업 목적� 사용� 예정이며, � 중에� Bridge Investment Group Holdings Inc.� 인수 완료 � Bridge Investment Group Holdings LLC가 발행� 모든 유통 중인 담보부 선순� 채권� 일부 기타 부채를 상환하고 관� 수수� � 비용� 지불하� 것이 포함된다� 밝혔습니�. � 채권은 유효� Form S-3 셸프 등록� 따라 매각되었� Citigroup, BofA Securities, Barclays � Goldman Sachs가 인수주선했습니다; Paul, Weiss� 법률 의견서는 증빙서류� 제출되어 있습니다.

Apollo Global Management a émis le 12 août 2025 des obligations senior de 500 000 000 $ au taux de 5,150% échéant en 2035. Les Notes portent intérêt à 5,150% par an, payables semi-annuellement les 12 février et 12 août de chaque année, à compter du 12 février 2026, et arriveront à échéance le 12 août 2035 sauf remboursement ou rachat anticipé. La dette a été émise en vertu d'un indenture avec U.S. Bank Trust Company, National Association en tant que trustee.

La société a indiqué qu'elle utiliserait les produits à des fins générales d'entreprise, notamment pour rembourser, lors de la réalisation de l'acquisition de Bridge Investment Group Holdings Inc., toutes les notes senior garanties émises et en circulation de Bridge Investment Group Holdings LLC ainsi que certaines autres dettes, et pour payer les honoraires et frais afférents. Les Notes ont été vendues dans le cadre d'un enregistrement shelf effectif au titre du Form S-3 et ont été souscrites par Citigroup, BofA Securities, Barclays et Goldman Sachs ; l'avis juridique de Paul, Weiss est déposé en annexe.

Apollo Global Management hat am 12. August 2025 vorrangige Schuldverschreibungen in Höhe von 500.000.000 USD mit einem Kupon von 5,150% und Fälligkeit 2035 begeben. Die Notes verzinsen sich mit 5,150% p.a., zahlbar halbjährlich jeweils am 12. Februar und 12. August eines Jahres, erstmals am 12. Februar 2026, und laufen am 12. August 2035 zur Fälligkeit, sofern sie nicht zuvor zurückgezahlt oder zurückgekauft werden. Die Schuld wurde unter einem Indenture mit der U.S. Bank Trust Company, National Association, als Trustee begeben.

Das Unternehmen gab an, die Erlöse für allgemeine Unternehmenszwecke zu verwenden, einschließlich der Rückzahlung � bei Vollzug der Übernahme von Bridge Investment Group Holdings Inc. � aller ausgegebenen und ausstehenden vorrangig besicherten Schuldverschreibungen von Bridge Investment Group Holdings LLC sowie bestimmter anderer Verbindlichkeiten und zur Zahlung damit verbundener Gebühren und Kosten. Die Notes wurden im Rahmen einer wirksamen Form S-3 Shelf-Registrierung verkauft und von Citigroup, BofA Securities, Barclays und Goldman Sachs gezeichnet; das Rechtsgutachten von Paul, Weiss ist als Anlage eingereicht.

Positive
  • $500,000,000 in proceeds available to fund the acquisition-related repayment of Bridge LLC indebtedness and other corporate purposes
  • Notes issued under an effective Form S-3 shelf, indicating registration and market access
  • Underwritten by major banks (Citigroup, BofA Securities, Barclays, Goldman Sachs), supporting distribution and execution
Negative
  • Creates a $500,000,000 senior note obligation payable through 2035, increasing the company's long-term debt burden
  • The Notes carry a fixed 5.150% coupon, which will generate semi-annual interest expense beginning February 12, 2026
  • Repayment of Bridge LLC senior secured notes is contingent on consummation of the acquisition, so timing and effect on consolidated leverage are not disclosed here

Insights

TL;DR: Apollo raised $500M of 10-year senior notes at a 5.150% coupon to fund corporate needs and repay Bridge LLC debt upon acquisition.

The issuance increases Apollo's outstanding senior unsecured obligations by $500,000,000 with a fixed coupon of 5.150% and a 2035 maturity, creating predictable semi-annual interest obligations starting February 12, 2026. Being issued pursuant to an effective Form S-3 shelf and syndicated by major underwriting banks supports market access and distribution. The stated use of proceeds is explicit: repay Bridge LLC senior secured notes and other indebtedness upon closing of the acquisition, and cover fees and expenses, which aligns financing to a specific transaction rather than general liquidity needs alone. This is material to Apollo's liability profile but is a routine capital markets transaction.

TL;DR: The note proceeds are earmarked to facilitate Apollo's planned acquisition by refinancing Bridge LLC debt, tying capital markets activity to a specific transaction.

The filing shows the company structured long-dated financing to support a contemplated acquisition of Bridge Investment Group Holdings Inc., intending to repay Bridge LLC's senior secured notes and other indebtedness upon consummation. The linkage of proceeds to the acquisition is explicit and documented via the prospectus supplement and underwriting agreement exhibits. Legal opinions and the indenture are filed as exhibits, ensuring the offering's documentation is in place. Overall, the move is transaction-focused and disclosed transparently, without additional operating metrics provided in this report.

Apollo Global Management ha emesso 500.000.000 di dollari di obbligazioni senior al 5,150% con scadenza 2035 il 12 agosto 2025. Le Note maturano interessi al tasso annuo del 5,150%, pagabili semestralmente il 12 febbraio e il 12 agosto di ogni anno a partire dal 12 febbraio 2026, e scadranno il 12 agosto 2035 salvo riscatto o riacquisto anticipato. Il debito è stato emesso ai sensi di un indenture con U.S. Bank Trust Company, National Association, in qualità di trustee.

La società ha dichiarato che utilizzerà i proventi per scopi aziendali generali, incluso il rimborso, al perfezionamento dell'acquisizione di Bridge Investment Group Holdings Inc., di tutte le note senior garantite emesse e in circolazione di Bridge Investment Group Holdings LLC e di alcuni altri debiti, nonché per il pagamento delle relative commissioni e spese. Le Note sono state collocate nell'ambito di una registrazione shelf efficace ai sensi del Form S-3 e sono state sottoscritte da Citigroup, BofA Securities, Barclays e Goldman Sachs; l'opinione legale di Paul, Weiss è depositata come allegato.

Apollo Global Management emitió 500.000.000 de dólares en Notas Senior al 5,150% con vencimiento en 2035 el 12 de agosto de 2025. Las Notas generan intereses al 5,150% anual, pagaderos semestralmente los días 12 de febrero y 12 de agosto de cada año, a partir del 12 de febrero de 2026, y vencerán el 12 de agosto de 2035 salvo que sean redimidas o recompradas anticipadamente. La deuda se emitió bajo un indenture con U.S. Bank Trust Company, National Association como fiduciario.

La compañía indicó que usará los ingresos para fines corporativos generales, incluyendo el reembolso, al consumarse la adquisición de Bridge Investment Group Holdings Inc., de todas las notas senior garantizadas emitidas y en circulación de Bridge Investment Group Holdings LLC y de ciertas otras deudas, y para pagar honorarios y gastos relacionados. Las Notas se vendieron bajo un registro shelf efectivo en Form S-3 y fueron suscritas por Citigroup, BofA Securities, Barclays y Goldman Sachs; la opinión legal de Paul, Weiss se presenta como anexo.

Apollo Global Management� 2025� 8� 12일에 2035� 만기 5.150% 선순� 채권 5� 달러� 발행했습니다. � 채권은 � 5.150%� 이자가 발생하며, 2026� 2� 12일부� 시작하여 매년 2� 12일과 8� 12일에 반기별로 이자가 지급되�, 조기 상환 또는 재매입되지 않는 � 2035� 8� 12일에 만기됩니�. � 부채는 신탁 수탁자인 U.S. Bank Trust Company, National Association와� 인덴�(Indenture)� 따라 발행되었습니�.

회사� 수익금을 일반 기업 목적� 사용� 예정이며, � 중에� Bridge Investment Group Holdings Inc.� 인수 완료 � Bridge Investment Group Holdings LLC가 발행� 모든 유통 중인 담보부 선순� 채권� 일부 기타 부채를 상환하고 관� 수수� � 비용� 지불하� 것이 포함된다� 밝혔습니�. � 채권은 유효� Form S-3 셸프 등록� 따라 매각되었� Citigroup, BofA Securities, Barclays � Goldman Sachs가 인수주선했습니다; Paul, Weiss� 법률 의견서는 증빙서류� 제출되어 있습니다.

Apollo Global Management a émis le 12 août 2025 des obligations senior de 500 000 000 $ au taux de 5,150% échéant en 2035. Les Notes portent intérêt à 5,150% par an, payables semi-annuellement les 12 février et 12 août de chaque année, à compter du 12 février 2026, et arriveront à échéance le 12 août 2035 sauf remboursement ou rachat anticipé. La dette a été émise en vertu d'un indenture avec U.S. Bank Trust Company, National Association en tant que trustee.

La société a indiqué qu'elle utiliserait les produits à des fins générales d'entreprise, notamment pour rembourser, lors de la réalisation de l'acquisition de Bridge Investment Group Holdings Inc., toutes les notes senior garanties émises et en circulation de Bridge Investment Group Holdings LLC ainsi que certaines autres dettes, et pour payer les honoraires et frais afférents. Les Notes ont été vendues dans le cadre d'un enregistrement shelf effectif au titre du Form S-3 et ont été souscrites par Citigroup, BofA Securities, Barclays et Goldman Sachs ; l'avis juridique de Paul, Weiss est déposé en annexe.

Apollo Global Management hat am 12. August 2025 vorrangige Schuldverschreibungen in Höhe von 500.000.000 USD mit einem Kupon von 5,150% und Fälligkeit 2035 begeben. Die Notes verzinsen sich mit 5,150% p.a., zahlbar halbjährlich jeweils am 12. Februar und 12. August eines Jahres, erstmals am 12. Februar 2026, und laufen am 12. August 2035 zur Fälligkeit, sofern sie nicht zuvor zurückgezahlt oder zurückgekauft werden. Die Schuld wurde unter einem Indenture mit der U.S. Bank Trust Company, National Association, als Trustee begeben.

Das Unternehmen gab an, die Erlöse für allgemeine Unternehmenszwecke zu verwenden, einschließlich der Rückzahlung � bei Vollzug der Übernahme von Bridge Investment Group Holdings Inc. � aller ausgegebenen und ausstehenden vorrangig besicherten Schuldverschreibungen von Bridge Investment Group Holdings LLC sowie bestimmter anderer Verbindlichkeiten und zur Zahlung damit verbundener Gebühren und Kosten. Die Notes wurden im Rahmen einer wirksamen Form S-3 Shelf-Registrierung verkauft und von Citigroup, BofA Securities, Barclays und Goldman Sachs gezeichnet; das Rechtsgutachten von Paul, Weiss ist als Anlage eingereicht.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 12, 2025

 

 

Apollo Global Management, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-41197   86-3155788
(State or other jurisdiction
of incorporation)
 

(Commission

File Number)

  (IRS Employer
Identification No.)

9 West 57th Street, 42nd Floor

New York, New York 10019

(Address of principal executive offices) (Zip Code)

(212) 515-3200

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, If Changed since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock   APO   New York Stock Exchange
6.75% Series A Mandatory Convertible Preferred Stock   APO PR A   New York Stock Exchange
7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053   APOS   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 1.01

Entry into a Material Definitive Agreement.

On August 12, 2025, Apollo Global Management, Inc. (the “Company”) issued $500,000,000 aggregate principal amount of its 5.150% Senior Notes due 2035 (the “Notes”) pursuant to a previously announced underwritten public offering (the “Offering”). The Notes were issued pursuant to an indenture, dated as of August 12, 2025 (the “Indenture”), among the Company, each of the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee. The Indenture is filed as Exhibit 4.1 hereto, and is incorporated by reference herein.

The Notes will bear interest at a rate of 5.150% per annum and will mature on August 12, 2035, unless earlier redeemed or repurchased. Interest on the Notes accrues from and including August 12, 2025 and is payable semi-annually in arrears on February 12 and August 12 of each year, commencing on February 12, 2026.

The Company intends to use the proceeds from the Offering for general corporate purposes, including to repay, upon the consummation of the 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. The information contained in this Current Report on Form 8-K does not constitute a notice of redemption with respect to the Bridge Senior Notes.

The Notes were sold pursuant to an effective automatic shelf registration statement on Form S-3 (the “Registration Statement”) (File No. 333-271275) filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 14, 2023. The terms of the Offering are described in a Prospectus dated April 14, 2023, as supplemented by a Prospectus Supplement dated August 7, 2025. The closing of the sale of the Notes occurred on August 12, 2025.

 

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

 

Item 8.01

Other Events.

The information set forth above under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 8.01.

Underwriting Agreement

In connection with the issuance and sale of the Notes, the Company entered into an underwriting agreement, dated August 7, 2025 (the “Underwriting Agreement”), with Citigroup Global Markets Inc., BofA Securities, Inc., Barclays Capital Inc. and Goldman Sachs & Co. LLC, as representatives of the several underwriters named therein, relating to the Notes. The Underwriting Agreement is filed as Exhibit 1.1 hereto and is incorporated by reference herein.

Opinion of Counsel

The opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP, relating to the validity of the Notes and the related guarantees, is filed as Exhibit 5.1 hereto and is incorporated by reference into the Registration Statement.

 


Item 9.01

Financial Statements and Exhibits.

The exhibits to this Current Report on Form 8-K (except Exhibit 104) are hereby incorporated by reference into the Registration Statement.

(d) Exhibits.

 

Exhibit
No.
  

Description

1.1    Underwriting Agreement, dated as of August 7, 2025, among Apollo Global Management, Inc. and Citigroup Global Markets Inc., BofA Securities, Inc., Barclays Capital Inc. and Goldman Sachs & Co. LLC, as representatives of the underwriters, relating to the 5.150% Senior Notes due 2035.
4.1    Indenture, dated as of August 12, 2025, among Apollo Global Management, Inc., the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee.
4.2    Form of 5.150% Senior Notes due 2035 (included in Exhibit 4.1).
5.1    Opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP with respect to the 5.150% Senior Notes due 2035.
23.1    Consent of Paul, Weiss, Rifkind, Wharton & Garrison LLP (included in Exhibit 5.1)
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 12, 2025

 

APOLLO GLOBAL MANAGEMENT, INC.
By:  

/s/ Jessica L. Lomm

Name:   Jessica L. Lomm
Title:   Vice President & Secretary

FAQ

What did Apollo (APO) issue in this 8-K?

Apollo issued $500,000,000 aggregate principal amount of 5.150% Senior Notes due 2035.

When do interest payments on the new Apollo notes begin?

Interest accrues from August 12, 2025 and is payable semi-annually on February 12 and August 12, commencing February 12, 2026.

How will Apollo use the proceeds from the offering?

Proceeds will be used for general corporate purposes, including to repay Bridge LLC's senior secured notes and certain other indebtedness upon consummation of the acquisition of Bridge Investment Group Holdings Inc., and to pay related fees and expenses.

Who underwrote the offering for APO?

The underwriting agreement lists Citigroup Global Markets Inc., BofA Securities, Barclays Capital and Goldman Sachs & Co. LLC as representatives of the underwriters.

Where can I find the legal and offering documents referenced by Apollo?

The Indenture, underwriting agreement and counsel opinion by Paul, Weiss, Rifkind, Wharton & Garrison LLP are filed as Exhibits 4.1, 1.1 and 5.1, respectively.
Apollo Global Mgmt Inc

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