Simpson Thacher Represents Underwriters in Follow on Offering of Common Stock by Apollo Investment Corporation
05.22.13
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Simpson Thacher represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc., in connection with a registered public offering of 21,850,000 shares of common stock of Apollo Investment Corporation (“Apollo”). The offering resulted in gross proceeds to Apollo of approximately $187.9 million.
Apollo (NASDAQ: AINV) is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Apollo provides private debt market solutions to middle market companies in the form of senior secured, mezzanine and asset based loans and may also acquire equity interests. Apollo seeks to provide private financing solutions for private companies that do not have access to the more traditional providers of credit.
The Simpson Thacher team included Sarah Cogan, Sunny Cheong, Jonathan Stradling and Lindsay Thomas (Capital Markets); Jonathan Cantor and Devin Heckman (Tax); and Andrew Pagliughi (Blue Sky).