Apollo prices $600 million offering of junior subordinated debt
Bitget2026/11/09 22:07- Apollo Global Management priced $600 million of 7.55% Fixed-Rate Resettable Junior Subordinated Notes due 2056.
- The notes carry a fixed 7.55% annual interest rate until December 15, 2036.
- Subsequent reset periods will carry the five-year U.S. Treasury rate with a spread of 2.67%.
- The offering is expected to close November 13, 2026, subject to customary closing conditions.
- Expected net proceeds of approximately $594 million will support general corporate purposes, including the investment in Mubadala Capital Asset Management.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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