Apollo Completes $500 Million Senior Notes Offering

Paul, Weiss advised Apollo Global Management in its offering of $500 million aggregate principal amount of its 6.375% senior notes due 2033. The notes are fully and unconditionally guaranteed by Apollo Management Holdings (AMH) and certain other Apollo subsidiaries. Apollo will use the net proceeds from the offering to repurchase, repay, redeem or otherwise retire in full the $500 million aggregate principal amount outstanding of the 4.000% senior notes due 2024 issued by AMH, before or upon their maturity. BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC, acted as joint bookrunning managers for the offering.

The Paul, Weiss team was led by Christodoulos Kaoutzanis and Gregory Ezring, and included corporate partners Brian Janson and Matthew Goldstein; tax partners Brian Grieve and Brad Okun; and executive compensation counsel Jake Glazeski.