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Apollo Investment Corporation (NASDAQ: AINV) will release its financial results for the quarter ended December 31, 2020, on February 4, 2021, after market close. A conference call will follow at 5:00 p.m. ET, where participants can dial in or access a webcast. The Company, classified as a business development company, focuses on debt investments in middle-market companies and seeks to provide private financing solutions. Forward-looking statements indicate risks related to the ongoing COVID-19 pandemic and its potential impact on financial results.
Apollo Investment Corporation (NASDAQ: AINV) has successfully extended the final maturity of its senior secured revolving credit facility by two years to December 22, 2025. The total commitments will stay at $1.81 billion until November 19, 2022, before decreasing to $1.705 billion. Pricing and advance rates will remain unchanged. The minimum shareholders' equity covenant was amended. This extension is viewed positively by executives as it enhances liquidity and reflects lender confidence in the company's strategy.
Apollo Investment Corporation (NASDAQ: AINV) reported its fiscal second quarter results for the period ending September 30, 2020. Net investment income per share was stable at $0.43, with net asset value per share increasing to $15.44 from $15.29. The company declared a distribution of $0.31 per share and a supplemental $0.05 per share. Investment commitments totaled $18 million, while gross fundings reached $106 million. The net leverage ratio improved to 1.56x, down from 1.66x, reflecting strong repayment activity and retained earnings.
Apollo Investment Corporation (NASDAQ: AINV) will report its financial results for the quarter ended September 30, 2020, after market close on November 5, 2020. A conference call will follow at 5:00 p.m. ET, open to all interested parties. Access details include dialing (888) 802-8579 for domestic callers and (973) 633-6740 for international participation. The event will also be available via audio webcast on the company’s website. Apollo Investment Corporation focuses on investing in debt and equity of private middle-market companies, and is managed by Apollo Investment Management, L.P.
Apollo Investment Corporation (NASDAQ: AINV) reported a net investment income of $0.43 per share for Q1 FY2020, down from $0.59 per share in the prior quarter. Net asset value per share decreased by 2.6% to $15.29. The company made new investment commitments of $17 million and had gross fundings of $138 million. Exits totaled $233 million, reducing net leverage to 1.66x. The Board declared a base distribution of $0.31 and a supplemental distribution of $0.05, both payable on October 7, 2020. The company retains $243 million in liquidity and has a strong investment grade rating.
Apollo Investment Corporation (NASDAQ: AINV) reported a net investment income of $0.59 per share for Q4 2020, a slight increase from $0.54 in Q3 2019. However, the net asset value per share fell by 14.1% to $15.70 due to the impacts of the COVID-19 pandemic. During the quarter, new investment commitments reached $153 million, while gross fundings totaled $210 million. The company declared a distribution of $0.45 per share, payable on July 8, 2020. Share repurchases totaled 1,286,565 shares at an average price of $11.62.
Apollo Investment Corporation (NASDAQ: AINV) will report its financial results for the quarter and fiscal year ended March 31, 2020, on May 21, 2020. A conference call hosted by the company will take place on the same day at 10:00 a.m. ET for investors and analysts. Interested participants can dial in or access a simultaneous webcast through their website. The company specializes in debt investments and financing solutions for middle-market companies, managed by Apollo Investment Management, an affiliate of Apollo Global Management.
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