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Apollo Global unit offering fixed-rate resettable subordinated notes

Apollo Management Holdings L.P., an indirect subsidiary of Apollo Global Management Inc., intends to offer fixed-rate resettable subordinated notes, subject to market and other conditions.

Apollo intends to use the net proceeds the sale of the notes for general corporate purposes, which may include without limitation, to partially finance the purchase of $350 million of Athene Holding Ltd.'s class A common shares to the extent such transaction is consummated.

The notes will be fully and unconditionally guaranteed by Apollo's indirect subsidiaries.