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Apollo Global Management unit prices $300M note offering

Apollo Global Management LLC indirect subsidiary Apollo Management Holdings LP has priced the offering of $300 million of 5.000% senior notes due 2048 at 99.892%.

Apollo Global Management intends to use the net proceeds from the sale of the notes and cash on hand to repay approximately $300 million of outstanding term facility under its existing credit agreement.

The notes will be fully and unconditionally guaranteed by some of Apollo Global Management's indirect subsidiaries.