Simpson Thacher recently represented the initial purchasers, led by Citigroup Global Markets Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC, in connection with an offering of $300 million in aggregate principal amount of 4.95% Fixed-Rate Resettable Subordinated Notes due 2050 by Apollo Management Holdings, L.P., an indirect subsidiary of Apollo Global Management, Inc. Simpson Thacher has represented the underwriters and initial purchasers in connection with over $2 billion of debt or equity issued by Apollo and its subsidiaries since 2014.
Apollo is a leading global alternative investment manager with total assets under management of $323 billion as of September 30, 2019.
The Simpson Thacher team for the transaction included Josh Bonnie, Will Golden, Jon Pacheco, Sarah Ali and Claire DiMario (Capital Markets); Jon Cantor and Abigail Hopper (Tax); Patricia Adams (Executive Compensation and Employee Benefits); Alysha Sekhon (Intellectual Property); Steven DeLott (Insurance); and Jennie Getsin (Blue Sky).