Apollo Global Management Surges 1.75% on $420M in Trading Volume (255th in Activity) as It Raises $500M via 5.150% Notes to Fund Bridge Acquisition

On August 12, 2025, Apollo Global Management (APO) rose 1.75% with a trading volume of $420 million, ranking 255th in market activity. The firm announced the issuance of $500 million in 5.150% senior notes due 2035, maturing on August 12, 2035, with semi-annual interest payments starting February 12, 2026. The debt, governed by an indenture with U.S. Bank Trust Company as trustee, will fund general corporate purposes, including repaying Bridge Investment Group Holdings Inc.’s senior secured notes upon acquisition and covering related costs.

The offering, underwritten by Citigroup, BofA Securities, Barclays, and Goldman Sachs, utilized an effective Form S-3 shelf registration. Proceeds are explicitly tied to the Bridge acquisition, aligning financing with transaction-specific obligations rather than broad liquidity needs. The fixed 5.150% coupon introduces predictable interest expenses, while the long-term debt structure increases Apollo’s liability profile. Legal opinions from Paul, Weiss and documentation via the indenture confirm regulatory compliance and transparency.

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