Simpson Thacher recently represented the underwriters in connection with Apollo Global Management, Inc.’s registered public offering of $500 million aggregate principal amount of 6.000% Fixed-Rate Resettable Junior Subordinated Notes due 2054. Simpson Thacher has represented the underwriters and initial purchasers in connection with nearly $6.5 billion of debt and equity issued by Apollo and its subsidiaries since 2014.
Apollo intends to use the proceeds from the offering of the notes for general corporate purposes, including to redeem in full the $300 million aggregate principal amount outstanding of Apollo Management Holding, L.P.’s 4.950% Fixed-Rate Resettable Subordinated Notes due 2050 (the “2025 Subordinated Notes”) and to pay related fees and expenses in connection with the offering of the notes and the redemption of the 2050 Subordinated Notes.
Founded in 1990, Apollo is a high-growth, global alternative asset manager and a retirement services provider. As of June 30, 2024, Apollo had approximately $696 billion of assets under management.
The Simpson Thacher team included Joshua Bonnie, Katharine Thompson, Evan Hunt, Brice Stewart and Kelsey Henderson (Capital Markets); Michael Mann and Michael Leitner (Tax); Alysha Sekhon and Paige Brinton (Intellectual Property); Steven DeLott (Insurance); Andrew Pagliughi (Blue Sky); and Pasco Struhs (ECEB).