Apollo (NYSE: APO) sells $750M 5.700% senior notes to refinance 2026 debt

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Apollo Global Management, Inc. issued $750,000,000 aggregate principal amount of 5.700% Senior Notes due 2036 in an underwritten public offering. The notes pay 5.700% interest per year, with semi-annual payments starting September 30, 2026, and mature on March 30, 2036, unless earlier redeemed or repurchased.

The company plans to use the proceeds for general corporate purposes, including retiring the $500,000,000 of 4.400% Senior Notes due 2026 and paying related fees and expenses. The notes are issued under an indenture dated March 30, 2026 and sold off an effective automatic shelf registration on Form S-3.

Insights

Apollo refinances near-term debt with a larger, longer-dated 5.700% note issue.

Apollo Global Management issued $750,000,000 of 5.700% Senior Notes due 2036, extending its debt maturity profile. The notes carry a fixed 5.700% coupon with interest payable semi-annually starting on September 30, 2026.

The company intends to use proceeds for general corporate purposes, including retiring $500,000,000 of 4.400% Senior Notes due 2026 and paying related fees. This replaces a smaller, lower-coupon 2026 obligation with a larger, longer-term 2036 instrument.

The transaction relies on an automatic shelf registration on Form S-3, with terms described in a base Prospectus dated April 14, 2023 and a Prospectus Supplement dated March 25, 2026. Actual balance-sheet impact will depend on the timing and execution of the planned retirement of the 2026 notes.

8-K Event Classification

4 items: 1.01, 2.03, 8.01, 9.01

4 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

New notes principal: $750,000,000 Coupon rate: 5.700% per annum Maturity date: March 30, 2036 +3 more

6 metrics

New notes principal $750,000,000 Aggregate principal amount of 5.700% Senior Notes due 2036

Coupon rate 5.700% per annum Interest rate on Senior Notes due 2036

Maturity date March 30, 2036 Stated maturity of 5.700% Senior Notes

First interest payment September 30, 2026 First semi-annual interest payment date

Existing notes to be retired $500,000,000 Aggregate principal of 4.400% Senior Notes due 2026

Existing coupon 4.400% per annum Interest rate on 2026 Senior Notes targeted for retirement

Key Terms

Indenture, automatic shelf registration statement, Prospectus Supplement, Senior Notes, +1 more

5 terms

Indenture financial

"The Notes were issued pursuant to an indenture, dated as of March 30, 2026"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

automatic shelf registration statement regulatory

"The Notes were sold pursuant to an effective automatic shelf registration statement on Form S-3"

An automatic shelf registration statement is a pre-approved filing that companies submit to securities regulators, allowing them to sell new shares or bonds quickly and efficiently when needed. It acts like a standing permit, enabling the company to raise money without going through a lengthy approval process each time, which can be helpful for responding promptly to market opportunities or needs. For investors, it provides transparency about the company's ability to raise funds and signals planning flexibility.

Prospectus Supplement regulatory

"as supplemented by a Prospectus Supplement dated March 25, 2026"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

Senior Notes financial

"5.700% Senior Notes due 2036 (the “Notes”)"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

underwritten public offering financial

"pursuant to a previously announced underwritten public offering (the “Offering”)"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

Understanding 8-K Material Events →

03/30/2026 - 05:31 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 30, 2026

Apollo Global Management, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-41197

86-3155788

(State or other jurisdiction
of incorporation)

(Commission

File Number)

(IRS Employer
Identification No.)

9 West 57th Street, 42nd Floor

New York, New York 10019

(Address of principal executive offices) (Zip Code)

(212) 515-3200

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, If Changed since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	APO	New York Stock Exchange
6.75% Series A Mandatory Convertible Preferred Stock	APO PR A	New York Stock Exchange
7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053	APOS	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01

Entry into a Material Definitive Agreement.

On March 30, 2026, Apollo Global Management, Inc. (the “Company”) issued $750,000,000 aggregate principal amount of its 5.700% Senior Notes due 2036 (the “Notes”), pursuant to a previously announced underwritten public offering (the “Offering”). The Notes were issued pursuant to an indenture, dated as of March 30, 2026 (the “Indenture”), among the Company, each of the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee. The Indenture is filed as Exhibit 4.1 hereto, and is incorporated by reference herein.

The Notes will bear interest at a rate of 5.700% per annum and will mature on March 30, 2036, unless earlier redeemed or repurchased. Interest on the Notes accrues from and including March 30, 2026 and is payable semi-annually in arrears on March 30 and September 30 of each year, commencing on September 30, 2026.

The Company intends to use the proceeds from the Offering for general corporate purposes, including to repurchase, repay, redeem or otherwise retire in full the $500,000,000 aggregate principal amount outstanding of Apollo Management Holdings, L.P.’s 4.400% Senior Notes due 2026 (the “2026 Senior Notes”), before or upon their maturity, and to pay related fees and expenses in connection with the Offering and the use of proceeds therefrom. The information contained in this Current Report on Form 8-K does not constitute a notice of redemption with respect to the 2026 Senior Notes.

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 March 25, 2026. The closing of the sale of the Notes occurred on March 30, 2026.

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.

Item 8.01

Other Events.

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 March 25, 2026 (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. 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.

Opinion of Counsel

The opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP, relating to the validity of the Notes and the related guarantees, is filed as Exhibit 5.1 hereto and is incorporated by reference into the Registration Statement.

Item 9.01

Financial Statements and Exhibits.

The exhibits to this Current Report on Form 8-K (except Exhibit 104) are hereby incorporated by reference into the Registration Statement.

(d) Exhibits.


Exhibit No.		Description

1.1		Underwriting Agreement, dated as of March 25, 2026, among Apollo Global Management, Inc. and BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as representatives of the underwriters named therein, relating to the 5.700% Senior Notes due 2036.

4.1		Indenture, dated as of March 30, 2026, among Apollo Global Management, Inc., the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee.

4.2		Form of 5.700% Senior Notes due 2036 (included in Exhibit 4.1).

5.1		Opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP with respect to the 5.700% Senior Notes due 2036.

23.1		Consent of Paul, Weiss, Rifkind, Wharton & Garrison LLP (included in Exhibit 5.1)

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 30, 2026


APOLLO GLOBAL MANAGEMENT, INC.

By:		/s/ Jessica L. Lomm
Name:		Jessica L. Lomm
Title:		Vice President & Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What type of debt did Apollo Global Management (APO) issue in this 8-K?

Apollo Global Management issued 5.700% Senior Notes due 2036 with a total principal amount of $750,000,000. These senior unsecured notes pay fixed interest semi-annually and were sold through an underwritten public offering under an automatic shelf registration on Form S-3.

How much did Apollo Global Management (APO) raise with the 5.700% Senior Notes due 2036?

Apollo Global Management raised $750,000,000 in aggregate principal amount of 5.700% Senior Notes due 2036. This long-term debt financing was completed through an underwritten public offering, with closing of the sale occurring on March 30, 2026, under an existing shelf registration statement.

What interest rate and payment schedule apply to Apollo (APO) 5.700% Senior Notes due 2036?

The notes carry a fixed annual interest rate of 5.700%, accruing from March 30, 2026. Interest is payable semi-annually in arrears on March 30 and September 30 each year, beginning on September 30, 2026, until the March 30, 2036 maturity or earlier redemption or repurchase.

How does Apollo Global Management (APO) plan to use proceeds from the 5.700% Senior Notes?

Apollo intends to use the proceeds for general corporate purposes, including retiring $500,000,000 of Apollo Management Holdings, L.P.’s 4.400% Senior Notes due 2026. Proceeds will also cover related fees and expenses connected with the new offering and the repayment of the 2026 notes.

When do Apollo Global Management (APO) 5.700% Senior Notes due 2036 mature?

The 5.700% Senior Notes mature on March 30, 2036, unless earlier redeemed or repurchased by Apollo Global Management. Until maturity, interest accrues from March 30, 2026 and is paid semi-annually on March 30 and September 30 each year, starting September 30, 2026.

Under what documents were Apollo (APO) 5.700% Senior Notes due 2036 issued?

The notes were issued under an indenture dated March 30, 2026, among Apollo Global Management, the guarantors, and U.S. Bank Trust Company, National Association, as trustee. They were sold under an effective automatic shelf registration on Form S-3 with a base Prospectus and a Prospectus Supplement.

Filing Exhibits & Attachments

7 documents

Apollo (NYSE: APO) sells $750M 5.700% senior notes to refinance 2026 debt

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