| Item 1.01 |
Entry into a Material Definitive Agreement. |
On November 7, 2025, Apollo Global Management, Inc. (the “Company”) issued $400,000,000 aggregate principal amount of its 4.600% Senior Notes due 2031 (the “2031 Senior Notes”) and an additional $350,000,000 aggregate principal amount of its 5.150% Senior Notes due 2035 (the “New 2035 Notes” and, together with the 2031 Senior Notes, the “Notes”), pursuant to a previously announced underwritten public offering (the “Offering”).
The 2031 Senior Notes were issued pursuant to an indenture, dated as of November 7, 2025 (the “2031 Notes Indenture”), among the Company, each of the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The 2031 Notes Indenture is filed as Exhibit 4.1 hereto, and is incorporated by reference herein. The 2031 Senior Notes will bear interest at a rate of 4.600% per annum and will mature on January 15, 2031, unless earlier redeemed or repurchased. Interest on the 2031 Senior Notes accrues from and including November 7, 2025 and is payable semi-annually in arrears on January 15 and July 15 of each year, commencing on July 15, 2026.
The New 2035 Notes constitute a further issuance of, and will be consolidated and form a single series with, the Company’s 5.150% Senior Notes due 2035, of which $500,000,000 aggregate principal amount was issued on August 12, 2025 (the “Existing 2035 Notes”). Following the Offering, the Company has $850,000,000 aggregate principal amount of 5.150% Senior Notes due 2035 outstanding. The New 2035 Notes were issued pursuant to a first supplemental indenture, dated as of November 7, 2025 (the “Supplemental Indenture”), among the Company, each of the guarantors named therein and the Trustee, to the indenture governing the Existing 2035 Notes, dated as of August 12, 2025, among the Company, each of the guarantors named therein and the Trustee. The Supplemental Indenture is filed as Exhibit 4.3 hereto, and is incorporated by reference herein. The New 2035 Notes will bear interest at a rate of 5.150% per annum and will mature on August 12, 2035, unless earlier redeemed or repurchased. Interest on the New 2035 Notes accrues from and including August 12, 2025 and is payable semi-annually in arrears on February 12 and August 12 of each year, commencing on February 12, 2026.
The Company intends to use the proceeds from the Offering for general corporate purposes.
The Notes were sold pursuant to an effective automatic shelf registration statement on Form S-3 (the “Registration Statement”) (File No. 333-271275) filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 14, 2023. The terms of the Offering are described in a Prospectus dated April 14, 2023, as supplemented by a Prospectus Supplement dated November 5, 2025. The closing of the sale of the Notes occurred on November 7, 2025.
| Item 2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information contained in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.
The information set forth above under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 8.01.
Underwriting Agreement
In connection with the issuance and sale of the Notes, the Company entered into an underwriting agreement, dated November 5, 2025 (the “Underwriting Agreement”), with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, relating to the Notes. The Underwriting Agreement is filed as Exhibit 1.1 hereto and is incorporated by reference herein.
