Apollo Debt Solutions BDC Prices $750M Notes at 6.35% Due 2033
APO sits 22% above its 52-week low of $99.56.
Summary
Apollo Debt Solutions BDC, a subsidiary of Apollo Global Management, priced $750 million of 6.35% notes due 2033 in a private placement. This financing follows recent reports that Apollo Debt Solutions (ADS), a $26 billion private credit fund, capped investor redemptions at 5% due to significant requests. The debt issuance provides capital to the BDC, which could help manage liquidity or fund new investments, particularly in the context of the recent redemption pressures.
At the time of this announcement, APO was trading at $121.51 on NYSE in the Finance sector, with a market capitalization of approximately $70.1B. The 52-week trading range was $99.56 to $157.28. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.