NEW YORK, May 31, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Athene Holding Ltd. (“Athene”) today announced that Grant Kvalheim, President of Athene, will present at the TD Financial Services & Fintech Summit on Friday, June 7, 2024 at 8:35 am ET.
Key Points:
- NEW YORK, May 31, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Athene Holding Ltd. (“Athene”) today announced that Grant Kvalheim, President of Athene, will present at the TD Financial Services & Fintech Summit on Friday, June 7, 2024 at 8:35 am ET.
- A live webcast of the event will be available on Apollo and Athene’s Investor Relations websites at ir.apollo.com and ir.athene.com .
- For those unable to join live, a replay will be available shortly after the event.
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Security (finance) NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering of $750 million aggregate principal amount of its 5.800% Senior Notes due 2054 (the “notes”).
Key Points:
- NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering of $750 million aggregate principal amount of its 5.800% Senior Notes due 2054 (the “notes”).
- The notes will be fully and unconditionally guaranteed by Apollo Asset Management, Inc., Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P., Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX, L.P., Apollo Principal Holdings X, L.P., Apollo Principal Holdings XII, L.P., AMH Holdings (Cayman), L.P. and Apollo Management Holdings, L.P.
- The net proceeds from the offering will be approximately $743.4 million, after deducting underwriting discounts but before offering expenses.
- Apollo intends to use the net proceeds from the offering for general corporate purposes.
NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has commenced an offering of its senior notes (the “notes”), subject to market and other conditions.
Key Points:
- NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has commenced an offering of its senior notes (the “notes”), subject to market and other conditions.
- The notes will be fully and unconditionally guaranteed by Apollo Asset Management, Inc., Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P., Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX, L.P., Apollo Principal Holdings X, L.P., Apollo Principal Holdings XII, L.P., AMH Holdings (Cayman), L.P. and Apollo Management Holdings, L.P.
Apollo intends to use the net proceeds from the offering for general corporate purposes.
- BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers and Apollo Global Securities, LLC is acting as a co-manager.
- This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Marc Rowan, Chief Executive Officer, will participate in a fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on Thursday, May 30, 2024 at 10:00 am ET.
Key Points:
- NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Marc Rowan, Chief Executive Officer, will participate in a fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on Thursday, May 30, 2024 at 10:00 am ET.
- A live webcast of the event will be available on Apollo’s Investor Relations website at ir.apollo.com .
- For those unable to join live, a replay will be available shortly after the event.
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ABF NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and MassMutual today announced that MassMutual has become a minority equity owner in ATLAS SP Partners (ATLAS) and a capital partner to the ATLAS platform.
Key Points:
- NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and MassMutual today announced that MassMutual has become a minority equity owner in ATLAS SP Partners (ATLAS) and a capital partner to the ATLAS platform.
- As part of the multi-billion-dollar commitment, MassMutual has also agreed to invest in Apollo’s Asset-Backed Finance (ABF) franchise.
- These investments will allow MassMutual to access predominately investment-grade, asset-backed credit originated by ATLAS SP and across the broader Apollo ecosystem, alongside Apollo’s retirement services businesses.
- The commitments will also bolster ATLAS SP’s capacity to provide warehousing and other investment grade asset-backed solutions to the more than 200 financing clients of ATLAS SP.
"During the first quarter, we continued to execute our strategy," said Bryan Shinn, the Company's Chief Executive Officer.
Key Points:
- "During the first quarter, we continued to execute our strategy," said Bryan Shinn, the Company's Chief Executive Officer.
- "We generated robust cash flow from operations to start the year, positioning us well for the remainder of 2024.
- These results compared with net income of $29.1 million, or $0.37 per diluted share, for the fourth quarter of 2023.
- In the first quarter of 2024, the Company completed a $25 million voluntary term loan principal repayment, extinguishing the debt at par using excess cash on hand.
NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have entered into a definitive agreement to acquire a majority stake in Panasonic Automotive Systems Corporation (“Panasonic Automotive” or the “Company”), a global leader in advanced automotive solutions, including integrated cockpit systems and in-vehicle electronics, from Panasonic Holdings Corporation (TYO: 6752) (“Panasonic”) in a transaction valued at a total enterprise value of ¥311 billion, subject to certain adjustments at closing. Panasonic will retain a minority stake in the Company, which will maintain its strategic relationship with Panasonic Group.
Key Points:
- Panasonic will retain a minority stake in the Company, which will maintain its strategic relationship with Panasonic Group.
- Panasonic Automotive is a tier one global automotive supplier that designs and manufactures advanced infotainment systems and other in-vehicle solutions for leading auto manufacturers.
- Tetsuji Okamoto, Partner and Head of Japan at Apollo, said, “We are excited to partner with Panasonic Automotive to position the business for accelerated growth.
- Through this partnership, Panasonic Automotive could significantly grow as a global leading player.
NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the first quarter 2024 on Thursday, May 2, 2024, before the opening of trading on the New York Stock Exchange.
Key Points:
- NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the first quarter 2024 on Thursday, May 2, 2024, before the opening of trading on the New York Stock Exchange.
- Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com .
- Apollo distributes its earnings releases via its website and email lists.
- Those interested in receiving firm updates by email can sign up for them here .
NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal.
Key Points:
- NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal.
- The shares sold represent a 28.4% equity interest1 in Vallourec and a total transaction value of approximately €955 million, and upon close will mark the Apollo Funds’ exit of the investment.
- With Apollo’s Funds’ assistance, we have fundamentally changed the operational and financial structure of Vallourec and we believe we are on the right trajectory to deliver enhanced shareholder value over the coming years.”
After leading the financial restructuring of Vallourec, Apollo Funds became the largest equity investor in Vallourec in 2021.
- The transaction is expected to close in the second half of the year, subject to satisfaction of customary closing conditions.
NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) today announced the appointment of Chris McIntyre as Partner, Global Head of the Institutional Client Group and member of the firm’s Leadership Team, effective April 15, 2024.
Key Points:
- NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) today announced the appointment of Chris McIntyre as Partner, Global Head of the Institutional Client Group and member of the firm’s Leadership Team, effective April 15, 2024.
- Based in New York, he will be responsible for managing the firm’s institutional distribution channel.
- McIntyre joins a talented team that delivered robust third-party inflows of approximately $45 billion in 2023.
- Chris’ deep relationships and private markets expertise will be highly accretive as we continue to offer diversified, tailored investment solutions to our most valued partners.
