ARI to sell ~$9B loan portfolio to Athene at 99.7% of commitments; validates BV ~$12.05

Apollo Commercial Real Estate Finance, Inc.

ARI agrees to sell entire commercial real estate loan portfolio (~$9B) to Athene for 99.7% of total loan commitments, net of CECL reserves.
After debt repayment, ARI expects ~$1.4B net cash and ~$1.7B equity (~$12.05 per share); retains $466M net equity in properties.
Transaction represents ~23% premium to recent stock trading levels; board unanimously approved, requires majority stockholder vote.
Annual management fee reduced by 50% and paid in stock until new strategy announced; if no strategy by year-end 2026, board may explore dissolution.
ARI intends to declare $0.25 Q1 2026 dividend targeting ~8% annualized yield post-transaction.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Apollo Commercial Real Estate Finance, Inc. entered into Asset Purchase and Sale Agreement with Athene Holding Ltd. (effective 2026-01-27).

Action: entry
Agreement: asset purchase
Counterparty: Athene Holding Ltd.
Effective: 2026-01-27

Exact text from the filing

On January 27, 2026, Apollo Commercial Real Estate Finance, Inc. (the “Company”) entered into an Asset Purchase and Sale Agreement (the “Purchase Agreement”) with Athene Holding Ltd. (“Athene”).

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281 material agreements filed in the last 30 days. Browse all material agreements →

Apollo Commercial Real Estate Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-027340

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