Apollo issues $600 million of 7.55% junior subordinated notes due 2056
APO•Apollo Global Management issued $600 million of junior subordinated notes bearing 7.55% interest until December 15, 2036, and maturing December 15, 2056. Net proceeds will fund general corporate purposes, including a previously announced investment in Mubadala Capital Asset Management.
1. Note terms
Apollo Global Management issued the notes on November 13, 2026. After December 15, 2036, the interest rate resets to the Five-Year U.S. Treasury Rate plus 2.67%. Semiannual interest payments begin June 15, 2027, subject to the company's right to defer payments.
2. Use of proceeds
Net proceeds will fund general corporate purposes, including the previously announced investment in Mubadala Capital Asset Management.
