Apollo Provides $585 Million Financing to The Executive Centre

Apollo deploys $585 million in hybrid-style financing to support TEC’s debt refinancing and regional expansion plans.

Rhea-AI Summary

Apollo (APO) has arranged a $585 million financing for The Executive Centre (TEC), a premium flexible office space provider in Asia and the Middle East, as of September 15, 2026.

The capital, provided by Apollo-managed funds, affiliates and other long-term investors, will be used primarily to refinance TEC’s existing debt and to support further expansion amid sustained regional demand for premium flexible workspace. TEC operates a portfolio of over 260 centres across 38 cities in 15 markets and has more than 30 years of operating experience. The transaction extends Apollo’s record of delivering hybrid capital solutions to Asian corporates.

Positive

• $585 million financing commitment to The Executive Centre
• Financing supports TEC’s debt refinancing and expansion objectives
• Deal extends Apollo’s hybrid capital track record with Asian corporates

Negative

• None.

News Explained

The financing is described as already provided, but the release does not establish any change to APO common holders’ ownership.

The release reports that Apollo-managed funds, affiliates and other long-term investors have provided $585 million to The Executive Centre, placing the financing in a provided state rather than merely an announced proposal.

The release does not disclose conversion mechanics, dilution or any issuance of Apollo common stock, so it does not establish a change to APO holders’ ownership.

Market Context

APO's prior close was $128.31 before the announcement; the financing disclosure therefore entered a ...

Analysis

APO's prior close was $128.31 before the announcement; the financing disclosure therefore entered a pre-existing market position rather than a measured post-headline reaction.

Key Figures

Financing: $585 million Operating footprint: Over 260 centres

Financing

$585 million

Financing provided to The Executive Centre

Operating footprint

Over 260 centres

The Executive Centre portfolio across APAC and the Middle East

Key Terms

hybrid capital solutions

1 terms

hybrid capital solutions financial

"Apollo’s track record of hybrid capital solutions in Asia"

Hybrid capital solutions are financing instruments that combine features of debt and equity—examples include preferred shares, convertible bonds, mezzanine debt, and certain subordinated loans. They matter to investors because they change a company’s risk and return profile: hybrids often pay fixed or variable income like debt but can absorb losses or convert into equity, affecting repayment priority, potential dilution, and a firm’s credit metrics. Think of them as a loan with some ownership-like backup.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK and HONG KONG, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds, affiliates, and other long-term investors provided a $585 million financing to The Executive Centre ("TEC"), one of Asia's leading providers of premium flexible office space, with more than 30 years of operating experience and a portfolio of over 260 centres across 38 cities in 15 markets across APAC and the Middle East. Proceeds will be primarily used to refinance existing debt and positions TEC for further expansion to meet sustained demand for premium flexible office spaces in the region.

“We are excited to deliver a tailored solution to The Executive Centre that supports their business needs and long-term strategic objectives," said Celia Yan, Partner and Co-Head of APAC Credit & Hybrid at Apollo. "Bespoke hybrid solutions require deep cross-collaboration and the ability to understand both investors and management teams alike, and we are pleased to be TEC's partner of choice for this transaction."

"TEC has spent three decades building a trusted platform for multinational clients who need the flexibility to scale across Asia. Apollo's ability to deliver a solution signals confidence and addresses both our refinancing objectives and growth ambitions, reflecting the long-term, partnership-driven approach we were looking for," a spokesperson for The Executive Centre stated.

The investment builds on Apollo’s track record of hybrid capital solutions in Asia including transactions with JSW Cement, Global Schools Group, Hero FinCorp, HMI/PanAsia Health, Molycop and Charles Monat Associates.

A&O Shearman acted as legal counsel to Apollo. Clifford Chance acted as legal counsel and Rippledot Capital as financial advisor to The Executive Centre.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
+1 (212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
+1 (212) 822-0491
Communications@apollo.com