trending Market Intelligence /marketintelligence/en/news-insights/trending/jk5l8dihwnvrfr4ldkrdog2 content esgSubNav
In This List

Apollo Global Management prices $300M preferred shares offering

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Apollo Global Management prices $300M preferred shares offering

Apollo Global Management LLC has priced a $300 million offering of 12 million of its 6.375% series B preferred shares with a liquidation preference of $25 apiece.

The offering is expected to close March 19. Distributions will be paid quarterly and are noncumulative.

The company intends to contribute the net proceeds for general corporate purposes to its indirect subsidiaries.

Apollo Global Management plans to list the preferred shares on the NYSE under the ticker symbol APO PR B.

Bank of America Merrill Lynch, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are the joint book-running managers for the offering. Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Markets and US Bancorp are acting as joint lead managers.