Apollo Global Management declares senior notes providing

May 16, 2024 | blog

NEW YORK – Apollo Global Management, Inc. (NYSE: NYSE:), a number one international different funding supervisor, has launched an providing of senior notes, which might be totally and unconditionally assured by a number of of its subsidiaries. The firm revealed its intent to make use of the online proceeds for common company functions.

The ensures for the notes come from a broad array of Apollo’s holdings, together with Apollo Asset Management, Inc. and numerous Apollo Principal Holdings entities, amongst others. The providing is topic to market and different situations.

Joint book-running managers for the transaction embrace BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC. Apollo Global Securities, LLC is serving as a co-manager. The providing is being performed underneath an efficient shelf registration assertion beforehand filed with the U.S. Securities and Exchange Commission (SEC).

The firm’s newest monetary filings with the SEC have been its annual report on Form 10-Ok on February 27, 2024, and its quarterly report on Form 10-Q on May 7, 2024. These paperwork include a complete checklist of threat elements and different cautionary statements which are related to the present providing and the corporate’s operations.

This information relies on a press launch assertion from Apollo Global Management, Inc.

InvestingPro Insights

As Apollo Global Management (NYSE: APO) ventures into the debt market with its senior notes providing, traders are carefully watching the corporate’s efficiency metrics. According to InvestingPro knowledge, Apollo at the moment holds a market capitalization of roughly $65.62 billion. The agency has demonstrated a major income development of 120.25% over the past twelve months as of Q1 2024, with a gross revenue margin standing at 26.29%. This monetary robustness is mirrored in Apollo’s Price / Book a number of, which is comparatively excessive at 4.9, indicating that the market values the corporate’s belongings favorably.

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InvestingPro Tips recommend that whereas analysts have not too long ago revised their earnings expectations downwards for Apollo, the corporate stays a outstanding participant within the Financial Services trade. This standing is underscored by Apollo’s spectacular one-year worth whole return of 89.8%, which can be engaging to traders on the lookout for robust efficiency information. Additionally, Apollo has been constant in sustaining dividend funds for 14 consecutive years, with a current dividend yield of 1.61% as of the most recent dividend ex-date on May 16, 2024.

For traders in search of extra in-depth evaluation, there are further InvestingPro Tips out there, which offer additional insights into Apollo’s monetary well being and market place. Readers enthusiastic about exploring the following pointers can discover them on InvestingPro’s devoted web page for Apollo at For these contemplating a subscription, use the coupon code PRONEWS24 to get a further 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.

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