Apollo Global Management stock nears notes closing tied to Mubadala

Published on 11/13/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apollo Global Management stock is approaching a scheduled debt-offering milestone. Proceeds are intended to support corporate purposes and the Mubadala Capital investment.

Financing Sets The Next Milestones

Apollo expects the notes offering to close on Friday, subject to customary conditions.
The proceeds are intended for general corporate purposes and the previously announced Mubadala Capital investment.
The financing leaves investors focused on Apollo's borrowing costs and strategic expansion.

Apollo Global Management, US03769M1062, Illustration mit AI erstellt.

Apollo Global Management priced a new junior debt offering on Monday, November 9, and expects the transaction to close on Friday, November 13, subject to customary conditions. The company said the financing will support general corporate purposes, including its previously announced investment in Mubadala Capital Asset Management.

The offering comprises 600 million US dollars of fixed-rate resettable junior subordinated notes due in 2056. Apollo set the coupon at 7.550 percent a year through 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 percentage points.

Debt Terms Shape The Investor Focus

According to Apollo's press release, net proceeds are expected to total 594 million US dollars after the underwriting discount and before offering expenses. The company retains the right to defer interest payments, while certain subsidiaries will fully and unconditionally guarantee the notes.

Interest is scheduled to be paid twice a year on June 15 and December 15, beginning June 15, 2027. The reset structure gives the financing a longer-term exposure to movements in the five-year US Treasury rate, while the junior ranking places the notes behind senior creditors in a default.

The stated use of proceeds links the debt raise to Apollo's broader strategic relationship with Mubadala Capital, but the company has not earmarked the funds solely for that investment. For shareholders, the transaction adds financing capacity for expansion while also increasing the importance of funding costs and balance-sheet discipline.

Apollo Global Management stock traded at 110.85 euros on Lang & Schwarz at 12:53 CET on Friday, November 13, 2026.