Apollo Global Management, Inc. (NYSE: APO) (“AGM”, and together
with its consolidated subsidiaries, “Apollo”) today announced that
its indirect subsidiary, Apollo Management Holdings, L.P. (the
“Issuer”), intends to offer senior notes (the “notes”), subject to
market and other conditions. The notes will be fully and
unconditionally guaranteed by Apollo’s indirect subsidiaries,
Apollo Principal Holdings I, L.P., Apollo Principal Holdings II,
L.P., Apollo Principal Holdings III, L.P., Apollo Principal
Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo
Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P.,
Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX,
L.P., Apollo Principal Holdings X, L.P., Apollo Principal Holdings
XI, LLC, Apollo Principal Holdings XII, L.P. and AMH Holdings
(Cayman), L.P.
Apollo intends to use the net proceeds from the
sale of the notes for general corporate purposes.
The notes will be offered and sold to qualified
institutional buyers in the United States pursuant to Rule 144A and
outside the United States pursuant to Regulation S under the
Securities Act of 1933, as amended (the “Securities Act”).
The notes have not been registered under the
Securities Act or any state securities laws and may not be offered
or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act
and applicable state laws.
This news release shall not constitute an offer
to sell or a solicitation of an offer to purchase the notes or any
other securities, and shall not constitute an offer, solicitation
or sale in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful.
About Apollo
Apollo is a leading global alternative
investment manager with offices in New York, Los Angeles, San
Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg,
Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had
assets under management of approximately $315.5 billion as of March
31, 2020 in credit, private equity and real assets funds invested
across a core group of nine industries where Apollo has
considerable knowledge and resources.
Forward Looking Statements
This press release may contain forward-looking
statements that are within the meaning of Section 27A of the
Securities Act and Section 21E of the Securities Exchange Act of
1934, as amended. These statements include, but are not limited to,
discussions related to Apollo’s expectations regarding the
performance of its business, its liquidity and capital resources
and the other non-historical statements in the discussion and
analysis. These forward- looking statements are based on
management’s beliefs, as well as assumptions made by, and
information currently available to, management. When used in this
press release, the words “believe,” “anticipate,” “estimate,”
“expect,” “intend” or future or conditional verbs, such as “will,”
“should,” “could,” or “may,” and variations of such words or
similar expressions are intended to identify forward-looking
statements. Although management believes that the expectations
reflected in these forward-looking statements are reasonable, it
can give no assurance that these expectations will prove to have
been correct. These statements are subject to certain risks,
uncertainties and assumptions, including risks relating to our
dependence on certain key personnel, our ability to raise new
credit, private equity, or real assets funds, the outbreak of the
novel coronavirus disease 2019 (“COVID-19”), the impact of energy
market dislocation, market conditions generally, our ability to
manage our growth, fund performance, changes in our regulatory
environment and tax status, the variability of our revenues, net
income and cash flow, our use of leverage to finance our businesses
and investments by our funds and litigation risks, among others.
Due to the COVID-19 pandemic, there has been uncertainty and
disruption in the global economy and financial markets. While we
are unable to accurately predict the full impact that COVID-19 will
have on our results from operations, financial condition, liquidity
and cash flows due to numerous uncertainties, including the
duration and severity of the pandemic and containment measures, our
compliance with these measures has impacted our day-to-day
operations and could disrupt our business and operations, as well
as that of the Apollo funds and their portfolio companies, for an
indefinite period of time. We believe these factors include but are
not limited to those described under the section entitled “Risk
Factors” in AGM’s annual report on Form 10-K filed with the
Securities and Exchange Commission (the “SEC”) on February 21, 2020
and quarterly report on Form 10-Q filed with the SEC on May 11,
2020, as such factors may be updated from time to time in AGM’s
periodic filings with the SEC, which are accessible on the SEC’s
website at www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this press release and
in other filings. We undertake no obligation to publicly update or
review any forward-looking statements, whether as a result of new
information, future developments or otherwise, except as required
by applicable law. This press release does not constitute an offer
of Apollo or any Apollo fund.
Contact Information
For investor inquiries regarding Apollo:
Gary M. SteinHead of Investor Relations Apollo Global
Management, Inc.(212) 822-0467gstein@apollo.com
Ann DaiInvestor Relations ManagerApollo Global Management, Inc.
(212) 822-0678adai@apollo.com
For media inquiries regarding Apollo:
Joanna Rose Global Head of Corporate Communications Apollo
Global Management, Inc. (212) 822-0491 jrose@apollo.com
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