Apollo prices $500 million of senior notes due 2035

NEW YORK - Apollo Global Management, Inc. (NYSE:APO), a $79.76 billion market cap investment management firm with a strong financial health rating according to InvestingPro, has priced an offering of $500 million aggregate principal amount of 5.150% Senior Notes due 2035, the company announced Thursday.

The notes will be fully and unconditionally guaranteed by certain Apollo subsidiaries that are obligors under the company’s outstanding debt securities. They will bear interest at a rate of 5.150% per annum, payable semi-annually on February 12 and August 12, beginning February 12, 2026. The company maintains a healthy debt profile with a total debt to capital ratio of 0.23 and strong liquidity position, as evidenced by a current ratio of 6.13.

The offering is expected to close on August 12, 2025, subject to customary closing conditions. Net proceeds will be approximately $495.5 million after deducting underwriting discount but before offering expenses.

Apollo plans to use the proceeds for general corporate purposes, including to repay senior secured notes of Bridge Investment Group Holdings LLC and certain other indebtedness upon the consummation of Apollo’s previously announced acquisition of Bridge Investment Group Holdings Inc.

Citigroup Global Markets Inc., BofA Securities, Inc., Barclays Capital Inc., and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering, with several other firms serving as co-managers.

The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission.

This announcement is based on a press release statement from Apollo Global Management. According to InvestingPro analysis, Apollo currently appears undervalued based on its Fair Value assessment, with additional metrics and insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.

In other recent news, Apollo Global Management reported its financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved earnings per share of $1.92, exceeding the forecasted $1.84, and reported revenue of $6.81 billion, which significantly surpassed the anticipated $4.57 billion. Additionally, Apollo Global Management is increasing its loan to SoftBank Group to $5.4 billion, marking a new record for net-asset value loans. This loan is part of SoftBank’s Vision Fund 2 and represents a low-teens percentage of the portfolio value backing it.

Moreover, Apollo Global Management announced that its funds will acquire a majority stake in Stream Data Centers from Stream Realty Partners. This acquisition marks Apollo’s first venture into the digital infrastructure sector, driven by increasing demand from artificial intelligence. The transaction will allow Apollo funds to potentially invest billions of dollars in digital infrastructure, while Stream Data Centers’ management team will retain a minority stake. These developments highlight Apollo Global Management’s strategic moves in expanding its financial and infrastructure investments.

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