Apollo to offer fixed-rate resettable junior subordinated notes

New york, aug. 16, 2023 (globe newswire) -- apollo global management, inc. (nyse: apo) (the “issuer,” and together with its consolidated subsidiaries, “apollo”) today announced that it has commenced an offering of its fixed-rate resettable junior subordinated notes (the “notes”), subject to market and other conditions (the “offering”). the notes will be fully and unconditionally guaranteed by apollo asset management, inc. (“aam”), apollo principal holdings i, l.p., apollo principal holdings ii, l.p., apollo principal holdings iii, l.p., apollo principal holdings iv, l.p., apollo principal holdings v, l.p., apollo principal holdings vi, l.p., apollo principal holdings vii, l.p., apollo principal holdings viii, l.p., apollo principal holdings ix, l.p., apollo principal holdings x, l.p., apollo principal holdings xii, l.p., amh holdings (cayman), l.p. and apollo management holdings, l.p. apollo expects to grant the underwriters a 30-day option to purchase additional notes solely to cover over-allotments, if any.
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