Apollo Global Management, Inc. - $APO STOCK NEWS

Apollo Global Management announced an offering of senior notes, contingent upon market conditions. The notes will be guaranteed by multiple Apollo entities, including Apollo Asset Management and various Apollo Principal Holdings. The proceeds will be used for general corporate purposes. Joint book-running managers include BofA Securities, Barclays Capital, Citigroup Global Markets, and Morgan Stanley. The offering is made under an effective shelf registration statement with the SEC, and the prospectus and preliminary prospectus supplement can be accessed through the SEC's website or directly from the managers. This announcement is not an offer to sell or solicit purchases of the notes or other securities.

Apollo (NYSE: APO) announced that CEO Marc Rowan will participate in a fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on May 30, 2024, at 10:00 am ET.

The event will be webcast live on Apollo’s Investor Relations website, with a replay available for those unable to attend live.

Mosaicx, a leader in conversational AI, has been named a finalist in the 'Automation Solution of the Year' category of the 2024 CCW Excellence Awards. The awards celebrate innovative companies and top-performing executives in the customer contact sector. Winners will be announced at the CCW event in Las Vegas, June 3-6, 2024. Mosaicx will also participate in the CCW CXO Exchange in St. Louis from May 15-17. The Mosaicx360 platform, which handles over 1.1 billion call minutes annually, aims to enhance operational efficiency and customer experience. Mosaicx will showcase its solutions at booth #115 in Las Vegas.

Additionally, Mosaicx executives will join panels and discussions about AI's role in customer service, emphasizing a balance between AI and human interaction.

Apollo Global Management, Inc. reported strong first quarter results with robust capital formation and origination activity, totaling $40 billion each. The company's CEO expressed confidence in meeting financial targets for the year. Apollo declared cash dividends for both Common Stock and Mandatory Convertible Preferred Stock. The company will host a public audio webcast to review financial results on May 2, 2024.

John Hedlund, a mortgage industry veteran and operations leader, has joined FundingShield's advisory board. He brings extensive experience from AmeriHome Mortgage and Adanac Advisory Group, contributing to FundingShield's growth in areas like cyber security and fraud prevention. With a strong background in financial services and leadership roles at top institutions, John's addition to the board is expected to drive innovation and revenue growth for FundingShield.

U.S. Silica Holdings, Inc. reported first quarter 2024 results with GAAP EPS of $0.17 and adjusted EPS of $0.20 per diluted share. The Industrial and Specialty Products segment saw a 7% increase in contribution margin year over year, with total tonnage sold up by 6% sequentially. The company reported cash flow from operations of $40.9 million and completed a term loan repricing while extinguishing an additional $25 million of debt. Moody's and S&P Global upgraded the company's credit rating. U.S. Silica entered into a definitive agreement to be acquired by Apollo Funds for $1.85 billion.

U.S. Silica Holdings, Inc. has entered into a definitive agreement to be acquired by Apollo Funds for $1.85 billion, with stockholders receiving $15.50 per share in cash. The acquisition values the company at an enterprise value of approximately $1.85 billion, offering an 18.7% premium to the closing share price on April 25, 2024. Upon completion, U.S. Silica will become a private company, continuing operations under the same name and leadership.

Apollo and MassMutual announced that MassMutual has become a minority equity owner in ATLAS SP Partners and a capital partner to the ATLAS platform. MassMutual's multi-billion-dollar investment will allow access to investment-grade asset-backed credit originated by ATLAS SP and across the broader Apollo ecosystem. The partnership aims to provide warehousing and investment-grade asset-backed solutions to ATLAS SP's financing clients. This strategic move reinforces MassMutual's commitment to generating additional earnings for policyowners and customers.

Apollo Funds to acquire a majority stake in Panasonic Automotive Systems from Panasonic Holdings in a transaction valued at ¥311 billion. Panasonic will retain a minority stake, maintaining a strategic relationship. The deal aims to accelerate growth and leverage Apollo's expertise in the automotive sector.