Simpson Thacher Represents Initial Purchasers in $500 Million Inaugural Bond Offering by Apollo
06.02.14
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Simpson Thacher recently represented the initial purchasers, led by Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, in connection with an offering of $500 million in aggregate principal amount of 4.000% Senior Notes due 2024 by Apollo Management Holdings, L.P., an indirect subsidiary of Apollo Global Management, LLC (“Apollo”). This was the first bond offering by Apollo.
Founded in 1990, Apollo is a leading global alternative investment manager. As of March 31, 2014, Apollo had total assets under management of $159.3 billion.
The Simpson Thacher team for the transaction included Josh Bonnie, Jeremy Barr and Doug Brown (Capital Markets); Jon Cantor and Devin Heckman (Tax); Aimee Adler and Patricia Adams (Executive Compensation and Employee Benefits); Steve DeLott (Insurance); and Jennie Getsin (Blue Sky). Summer associates Diego Matamoros and Evan Zinaman provided valuable assistance.