Apollo Global Management, Inc. 8-K

What Happened Apollo Global Management, Inc. announced on March 30, 2026 that it issued $750,000,000 aggregate principal amount of 5.700% Senior Notes due 2036 in an underwritten public offering. The notes were issued under an indenture with U.S. Bank Trust Company, N.A. as trustee, bear interest from March 30, 2026, and pay interest semi‑annually on March 30 and September 30 (first payment September 30, 2026). The company said it intends to use proceeds for general corporate purposes, including repurchasing, repaying, redeeming or otherwise retiring in full the $500,000,000 aggregate principal amount outstanding of Apollo Management Holdings, L.P.’s 4.400% Senior Notes due 2026; the 8‑K notes this is not a notice of redemption for the 2026 notes. The sale closed on March 30, 2026.

Key Details

• Amount issued: $750,000,000 aggregate principal of 5.700% Senior Notes due March 30, 2036.
• Interest: 5.700% per year, accrues from March 30, 2026; payable semi‑annually on March 30 and September 30 (first payment Sept 30, 2026).
• Use of proceeds: general corporate purposes, including retiring $500,000,000 of 4.400% Senior Notes due 2026 and paying related fees/expenses.
• Offering mechanics: issued pursuant to the company’s effective automatic shelf registration on Form S‑3 (File No. 333‑271275); terms described in the April 14, 2023 prospectus and March 25, 2026 prospectus supplement.

Why It Matters This transaction increases Apollo’s long‑term debt by $750M while extending the company’s debt maturity profile to 2036. The new notes carry a higher coupon (5.700%) than the 4.400% notes due in 2026 that Apollo intends to retire, which is a material change in the company’s interest cost profile. For investors, relevant points to watch are how Apollo funds the retirement of the 2026 notes, any impact on interest expense and leverage metrics, and overall liquidity following the use of proceeds.