Apollo Global Management stock faces $600 million notes closing

Apollo Global Management priced a $600 million offering of fixed-rate resettable junior subordinated notes on November 9, according to an Apollo press release. The transaction adds a financing milestone to the company's previously announced strategic investment relationship with Mubadala Capital Asset Management.

Apollo Global Management stock traded at 112.88 euros on Lang & Schwarz at 16:00 CET on Wednesday, November 11, 2026.

Debt terms and intended use

The notes carry a fixed annual interest rate of 7.550 percent until December 15, 2036. After that date, the rate will reset for each period to the five-year US Treasury rate plus a spread of 2.672 percent.

The company expects the offering to close on November 13, subject to customary closing conditions. Net proceeds are expected to total $594 million after the underwriting discount and before offering expenses. Apollo said it intends to use the proceeds for general corporate purposes, including funding the previously announced investment in Mubadala Capital Asset Management and paying related fees and expenses.

What investors should watch

Interest payments are scheduled semi-annually on June 15 and December 15, beginning June 15, 2027. Apollo retains the right to defer interest payments, while certain subsidiaries that guarantee the company's outstanding debt securities will fully and unconditionally guarantee the new notes.

The planned closing, rather than the pricing announcement, is the next stated transaction milestone. For investors, the financing adds borrowing costs and a defined use of proceeds to the near-term Apollo narrative, while the Mubadala investment remains the strategic destination identified by the company.

Apollo trades within the US market backdrop tracked by the S&P 500.

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