trending Market Intelligence /marketintelligence/en/news-insights/trending/Rl9KkfZNqj0qPzbTeuppWQ2 content esgSubNav
In This List

Apollo Global files mixed shelf, registration statement for common shares

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


Apollo Global files mixed shelf, registration statement for common shares

Apollo GlobalManagement LLC filed two automatic shelf registration statementsrelated to certain securities that the company or selling shareholders may sellfrom time to time.

The company may issue up to 100,000,000 class A shares toholders of Apollo Operating Group units upon exchange of up to an equal numberof Apollo Operating Group units. The proposed maximum aggregate offering priceis $1.60 billion, estimated solely for the purpose of computing theregistration fee. The company will not receive any cash proceedsfrom the issuance of any of its class A shares upon an exchange of ApolloOperating Group units.

Another filing covers the sale of debt securities, class Ashares, preferred shares, depositary shares, warrants, subscription rights,purchase contracts and purchase units.

The company plans to use the net proceeds from the sale ofthe securities for general corporate purposes, which may include additions toworking capital, capital expenditures, repayment of debt and the financing ofpossible acquisitions and investments or stock repurchases.