GlobeNewswire·Nov 9, 2026, 5:00 PM ET

Apollo Prices Offering of Fixed-Rate Resettable Junior Subordinated Notes

Apollo Global Management priced an offering of $600 million in 7.550% Fixed-Rate Resettable Junior Subordinated Notes due 2056.
The notes are fully guaranteed by certain Apollo subsidiaries that are obligors under existing debt securities.
Interest is fixed at 7.550% until December 15, 2036, then resets to the five-year U.S. Treasury rate plus a 2.672% spread.
Semi-annual interest payments begin on June 15, 2027, with payments due on June 15 & December 15 each year.
The offering is expected to close on November 13, 2026, subject to customary conditions.
Net proceeds are approximately $594 million after underwriting discounts.
Proceeds will fund general corporate purposes, including the previously announced investment in Mubadala Capital Asset Management.
J.P. Morgan, BofA Securities, Morgan Stanley, & Wells Fargo Securities serve as joint book-running managers.
Apollo Global Securities, Academy Securities, Barclays, BNP Paribas, Deutsche Bank Securities, RBC Capital Markets, Siebert Williams Shank, & U.S. Bancorp act as co-managers.
The offering is conducted pursuant to an effective SEC shelf registration statement.