Apollo Prices Offering of Fixed-Rate Resettable Junior Subordinated Notes
Globe Newswire•09/11/2026•17:00 ET
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Key Highlights
- ➤Apollo (APO) priced $600 million of 7.550% junior subordinated notes due 2056
- ➤Notes carry 7.550% fixed interest through December 15, 2036
- ➤Post-2036 resets equal five-year U.S. Treasury rate plus 2.672%
- ➤Net proceeds approximately $594 million, including funding for Mubadala investment
NEW YORK, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering (the “Offering”) of $600 million aggregate principal amount of its 7.550% Fixed-Rate Resettable Junior Subordinated Notes due 2056 (the “notes”).
The notes will be fully and unconditionally guaranteed by certain subsidiaries of the Issuer that are obligors under the Issuer’s outstanding debt securities. The Offering is expected to close on November 13, 2026, subject to the satisfaction of customary closing conditions.
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