Apollo prices $600 million offering of junior subordinated debt

Bitget2026/11/09 22:07

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apollo Global Management Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611091700PRIMZONEFULLFEED9873771) on November 09, 2026, and is solely responsible for the information contained therein.

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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Apollo prices $600 million offering of junior subordinated debt

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