debt
confidence high
sentiment neutral
materiality 0.60
Apollo Commercial Real Estate Finance issues $500M 4.625% senior secured notes due 2029
Apollo Commercial Real Estate Finance, Inc.
- $500M aggregate principal amount of 4.625% senior secured notes maturing June 15, 2029.
- Notes are secured and guaranteed by certain wholly-owned subsidiaries.
- Proceeds used for general corporate purposes, including temporary reduction of repurchase agreement borrowings.
- Interest payable semi-annually on June 15 and December 15, beginning December 15, 2021.
- Optional redemption at make-whole premium before June 15, 2024, then at specified redemption prices.