Apollo Global Management issued $600,000,000 of 7.550% fixed-rate resettable junior subordinated notes due December 15, 2056 on November 13, closing a previously announced underwritten public offering, the company reported in a Form 8-K filed with the Securities and Exchange Commission. The notes pay a fixed 7.550 percent until December 15, 2036 and then reset for each period to the five-year U.S. Treasury rate plus 2.672 percent, with interest payable semi-annually on June 15 and December 15 beginning June 15, 2027, subject to Apollo’s right to defer interest payments. Apollo said it intends to use the net proceeds for general corporate purposes, including to fund its previously announced investment in Mubadala Capital Asset Management.
Apollo closes $600 million junior subordinated notes offering
Apollo Global Management closed its previously announced offering of $600 million of 7.550% fixed-rate resettable junior subordinated notes due 2056 on November 13, according to the Form 8-K it filed with the SEC.
Why it matters: The 30-year hybrid issue adds long-dated subordinated capital at Apollo, one of the largest alternative asset managers, and part of the proceeds funds its previously announced investment in Mubadala Capital Asset Management.
Data as of Apollo Global Management Form 8-K filed 2026-11-13, SEC accession 0001193125-26-460879; all figures from the filing itself.
Sources
- Apollo Global Management, Inc. Form 8-K, Items 1.01, 2.03 and 8.01, junior subordinated notes offering (accession 0001193125-26-460879) - Apollo Global Management, Inc., via SEC EDGAR - 2026-11-13