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.
Apollo Global Management (NYSE: APO) has announced a significant investment of up to $265 million in US Wind Inc., an offshore wind energy developer. This structured investment will involve convertible debt and equity to acquire an equity stake and support the development of a major wind project off Maryland's coast, expected to generate 1.3 GW of renewable energy. The project will power over 75,000 homes and is projected to begin operations in early 2024, creating thousands of jobs. Apollo's investment underscores its commitment to renewable energy and sustainability.
Intrado Corporation has acquired Junction Networks, operating as OnSIP, enhancing its position in the Unified Communications as a Service (UCaaS) market for small and mid-sized businesses. This acquisition will integrate OnSIP's cloud-based calling solutions, allowing Intrado to provide a comprehensive suite of communication tools, including collaboration and messaging. The acquisition aims to enhance offerings for SMB clients and solidify Intrado’s market presence, driven by increased demand for flexible telecommunication solutions.
Intrado Corporation announced enhancements to its call handling solutions, integrating RapidSOS mobile 911 caller location data into its VIPER and Power 911 systems. This collaboration aims to transform public safety operations by providing enhanced situational awareness for first responders and facilitating quicker emergency responses. The integration, set for release later this summer, will enable call takers and dispatchers to utilize advanced mobile location data. Intrado's commitment to data-driven solutions is strengthened through this partnership, reinforcing its leadership in emergency response technology.
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Apollo Global Management (NYSE: APO) has announced its 2020 Annual Meeting of Stockholders will be held on October 1, 2020, at 9:00 a.m. EDT, conducted virtually due to COVID-19. The record date for the meeting is August 7, 2020, and any proposals for business or nominations must be received by August 6, 2020, by 5:00 p.m. EDT. Proxy materials will be mailed around August 21, 2020, and available on the SEC and Apollo's website. As of March 31, 2020, Apollo managed approximately $316 billion in assets across various industries.
Intrado Corporation has appointed Eula Adams to its board of directors. Adams, currently the CEO of Neuromonics, brings extensive leadership experience from roles at Xcore Corporation, Pay By Touch, and Western Union. With a strong background in technology, operations, and finance, he is expected to drive growth for Intrado. Adams holds a Bachelor’s in Accounting and an MBA from Harvard and is a Certified Public Accountant. Intrado is a global technology partner, with operations worldwide, and is controlled by Apollo Global Management (NYSE: APO).
Apollo Global Management (NYSE: APO) has upsized its investment partnership with Apeiron Management, extending their collaboration focused on special situations and corporate credit investments in Italy.
Since their partnership began in February 2018, Apollo has invested nearly EUR 300 million, with an additional EUR 100 million committed immediately. The partnership will continue to target corporate credit opportunities across various sectors, leveraging Apeiron's local expertise to execute complex transactions.
Apollo Global Management plans to release its second quarter 2020 financial results on July 30, 2020, before the NYSE opens. The management will host a conference call at 10:00 a.m. ET to discuss these results, accessible by phone or through a webcast on Apollo's website. As of March 31, 2020, Apollo had assets under management of approximately $316 billion across various sectors, signaling its substantial market presence. The company warns of potential risks to its business performance due to market conditions, reliance on key personnel, and the impact of the COVID-19 pandemic.
Apollo Global Management (NYSE: APO) has announced the launch of Apollo Strategic Origination Partners, a new origination platform aimed at providing approximately $12 billion in financings over the next three years. The Partnership, supported by Mubadala Investment Company, will focus on transactions around $1 billion to cater to rising corporate demand for direct origination solutions. This initiative leverages Apollo's extensive experience in capital solutions and aims to address financing needs between middle-market lending and broadly syndicated loans.
Apollo Global Management (NYSE: APO) and Merx Aviation announced a sale and leaseback transaction with Delta Air Lines involving ten Airbus A220-100 aircraft manufactured in 2019. This strategic move aims to enhance Delta's liquidity amid market challenges, as these aircraft are integral to Delta's domestic fleet, noted for their fuel efficiency and low emissions. Merx, a subsidiary of Apollo, provides integrated aviation solutions and manages a diverse fleet across 26 countries, while Apollo oversees approximately $316 billion in assets as of March 31, 2020.