Welcome to our dedicated page for Apollo Global Mgmt news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Mgmt stock.
Apollo Global Management, Inc. reports news tied to its alternative asset management and retirement services businesses. Updates commonly cover operating results, dividends on common and preferred stock, assets under management, investment origination, and activity at Athene, its retirement-services subsidiary.
Company news also includes fund formation and capital raising across Apollo strategies, including hybrid value, structured equity, dislocated liquid credit, private equity, credit, and real assets. Announcements may describe investment activity across funds managed by Apollo, portfolio-company developments, governance, material agreements, and capital-structure matters.
25m Health has made significant strides in its first year, launching six startups and investing in five others, focusing on innovative healthcare solutions. Established in November 2021 through a collaboration between Lifepoint Health, 25madison, and Apollo Global Management (NYSE: APO), the incubator targets improvements in care access, quality, and delivery. Key companies include Eon, Keragon, and Midi, addressing diverse healthcare needs. Leadership is strengthened with seasoned industry experts to drive innovation and scalability in healthcare.
Intrado Corporation has announced updates to its Notified PR platform, enhancing features like CRM tools, targeted media profiles, and social media analytics to support public relations professionals. Key updates include expanded CRM functionalities for better media alignment, improved media contact profiles, custom newsletter creation, and advanced social media engagement metrics. These enhancements aim to provide comprehensive data insights and streamline campaign management. Notified will showcase these updates at the PRSA Annual Conference in Grapevine, TX, from November 13-15, 2022.
Pegasus Merger Co., linked to Apollo Global Management, has extended the expiration date of its cash tender offers for Tenneco's Senior Secured Notes from November 7, 2022, to November 14, 2022. Over 99% of the 5.125% Notes and 98% of the 7.875% Notes have been tendered. The transaction is contingent upon consummation of a merger and other financing conditions. The total consideration for both notes includes a tender consideration of $982.50 for the 5.125% Notes and $1,012.50 for the 7.875% Notes, excluding accrued interest.
Newbond Holdings has announced its acquisition of the Hotel Tampa Riverwalk, formerly the Sheraton Tampa Riverwalk Hotel, in collaboration with investment funds from Apollo (NYSE: APO). This 277-room hotel will undergo significant renovations, including a rebrand and a new waterfront restaurant, aiming to establish itself as downtown Tampa's premier urban waterfront resort. The property offers direct access to Riverwalk Boulevard, enhancing its appeal with outdoor amenities and meeting spaces.
Apollo (NYSE: APO) has successfully completed the sale of Parallel Infrastructure to Harmoni Towers, marking a significant milestone in its infrastructure strategy. The transaction followed Apollo's acquisition of Parallel in 2020, during which the company doubled in size. Apollo executives expressed pride in Parallel's growth and its strategic fit within Harmoni's operations as a leading tower builder in the U.S. As of September 30, 2022, Apollo managed approximately $523 billion in assets, emphasizing its stature in the alternative asset management space.
Apollo Global Management (NYSE: APO) reported strong Q3 results for the period ending September 30, 2022, with record quarterly fee-related earnings and rising spread-related earnings. Year-to-date inflows have reached $100 billion, exceeding initial targets. A cash dividend of $0.40 per share for common stock will be paid on November 30, 2022. Additionally, preferred shares will see a dividend of $0.398438 per share. Apollo's assets under management total approximately $523 billion as of the end of Q3 2022.
Pegasus Merger Co., backed by Apollo Global Management, announced a private offering of $1.0 billion in senior secured notes due 2028 to finance the acquisition of Tenneco Inc. The proceeds will be allocated towards financing the acquisition, repaying Tenneco's existing debt, and covering related expenses. Upon acquisition, Tenneco will assume obligations under the notes, which will be secured by its subsidiaries. The offering is limited to qualified institutional buyers and is exempt from Securities Act registration.
Intrado Corporation has launched an innovative wearable safety device aimed at enhancing emergency response in educational environments. The device, part of the Safety Suite Solution, features a customizable panic button and offers triple redundancy for 100% connectivity coverage. Upon activation, it transmits precise location and incident data to emergency services and school administrators. This device is designed to improve safety in K-12 schools and higher education institutions, supporting various emergency types including medical and active shooter incidents.
Doral Renewables LLC announced a $500 million capital commitment from Apollo and Migdal, alongside a potential $600 million tax equity from Bank of America. This raises the total committed capital to nearly $2 billion, funding a substantial part of Doral's 10 GWac project pipeline. The convertible notes sold to Apollo Funds will be convertible at a $1.5 billion pre-money valuation. These investments are aimed at commercializing nearly 2 GW of late-stage projects and advancing additional projects towards construction.
Pegasus Merger Co., an affiliate of Apollo Global Management, has amended its cash tender offers for Tenneco's Senior Secured Notes, extending the expiration date to October 31, 2022. The company seeks to purchase outstanding 5.125% and 7.875% Notes, with over 99% and 98% of holders already tendered. The total consideration for the Notes is $1,012.50 per $1,000 principal. The completion of the offer is contingent upon the merger's completion and other conditions. All other terms remain effective as stated in the June 27 Offer to Purchase.