Apollo Global Management, Inc. (APO): debt financing — Apollo Global issues $600M of 7.625% junior subordinated notes due 2053; redeems $575M AAM preferred

Apollo Global Management, Inc.

$600M aggregate principal of 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053 issued.
Interest rate 7.625% fixed until Dec 15, 2028; thereafter resets at 5-year UST + 3.226%.
Proceeds, with cash on hand, to redeem all $575M liquidation preference of AAM Series A & B Preferred.
AAM Preferred redemption at $25/share plus unpaid dividends; redemption date Sep 22, 2023.
Underwriting agreement with Morgan Stanley, BofA, UBS, Wells Fargo.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Apollo Global Management, Inc. incurred senior notes of $600,000,000 with U.S. Bank Trust Company, National Association at 7.625% maturing 2053.

Instrument: senior notes
Principal: $600,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.625%
Maturity: 2053
Event: incurrence

Exact text from the filing

On August 23, 2023, Apollo Global Management, Inc. (the “Company”) issued $600,000,000 aggregate principal amount of its 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053 (the “Notes”) pursuant to a previously announced underwritten public offering (the “Offering”).

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Apollo Global Management, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-219115

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.