Apollo Global Management, Inc. has priced and issued $600,000,000 in aggregate principal amount of 7.550% Fixed-Rate Resettable Junior Subordinated Notes due 2056. The transaction, which closed on November 13, 2026, was conducted pursuant to a previously announced underwritten public offering.
According to the filing, the Notes were issued under an indenture dated November 13, 2026, among the Company, named guarantors, and U.S. Bank Trust Company, National Association, as trustee. The Notes will bear interest at a fixed rate of 7.550% per year until December 15, 2036. Following this initial period, the interest rate will reset annually based on the Five-Year U.S. Treasury Rate plus a spread of 2.672%.
Interest payments are scheduled to be made semi-annually in arrears on June 15 and December 15 of each year, beginning June 15, 2027. The Notes are set to mature on December 15, 2056.
The company stated that the net proceeds from the offering will be used for general corporate purposes, specifically to fund a previously announced investment in Mubadala Capital Asset Management. The offering was conducted under an effective automatic shelf registration statement on Form S-3 (File No. 333-294981) filed with the SEC on April 10, 2026.
Underwriters for the transaction included J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, and Wells Fargo Securities LLC, acting as representatives of the underwriters named in the agreement dated November 9, 2026.
