Apollo to offer series a mandatory convertible preferred stock

New york, aug. 07, 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 $1,000.0 million (20,000,000 shares) of its series a mandatory convertible preferred stock, par value $0.00001 per share (the “mandatory convertible preferred stock”), subject to market and other conditions (the “offering”). apollo expects to grant the underwriters a 30-day option to purchase up to an additional $150.0 million (3,000,000 shares) of mandatory convertible preferred stock to cover over-allotments, if any.
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