Apollo Prices Offering of Fixed-Rate Resettable Junior Subordinated Notes

Apollo Global Management announced the pricing of $600 million in 7.550% Fixed-Rate Resettable Junior Subordinated Notes due 2056. The notes will reset to five-year Treasury rate plus 2.672% spread after December 2036. Net proceeds of approximately $594 million will be used for general corporate purposes, including funding a previously announced investment in Mubadala Capital Asset Management. The offering is expected to close on November 13, 2026.