Welcome to our dedicated page for Apollo Global Mgmt news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Mgmt stock.
Apollo Global Management, Inc. (NYSE: APO) appears frequently in financial and corporate news as a high-growth, global alternative asset manager active across credit, private equity and retirement services. Company communications describe an asset management business that seeks to provide clients excess return along the risk-reward spectrum, and a retirement services business operated through Athene Holding Ltd. that focuses on retirement savings products and institutional solutions.
News about Apollo often highlights capital solutions and transactions led by Apollo-managed funds and affiliates. Recent announcements include a multibillion-dollar capital solution for Valor Compute Infrastructure L.P. to support the acquisition and lease of data center compute infrastructure for a subsidiary of xAI Corp, as well as strategic financing for Russell Investments to refinance existing debt and extend maturities. Apollo funds have also agreed to acquire a majority stake in Prosol Group, a French fresh food retailer, and have made significant preferred equity commitments to QXO, Inc. to support acquisition strategies.
Other coverage shows Apollo’s ecosystem in action, including Stream Data Centers, a key operating platform within the Apollo ecosystem focused on wholesale data center colocation and build-to-suit facilities, and MidCap Financial, which is described as Apollo’s primary direct origination platform in the private middle market. Apollo-affiliated capital has also been involved in sports-related investments, such as a minority investment in Wrexham AFC through Apollo Sports Capital.
Investors following APO news can expect updates on capital deployments by Apollo-managed funds, financing and acquisition agreements, ratings actions referencing Apollo’s platform, preliminary performance metrics such as alternative net investment income disclosed via Form 8-K, and developments involving key platforms like Athene, MidCap Financial and Stream Data Centers. This mix of transaction announcements, financing structures and segment-related disclosures provides insight into how Apollo deploys capital and manages its alternative asset and retirement services businesses over time.
Liquidity Group, a fast-growing lender, is establishing an R&D center in Abu Dhabi, supported by the Abu Dhabi Investment Office's Innovation Programme. This partnership marks a significant step in enhancing Machine Learning capabilities within the region. The agreement, finalized during Abu Dhabi Finance Week 2022, will see Liquidity Group leverage financial incentives to develop advanced underwriting algorithms and machine learning solutions. This initiative aims to bolster Abu Dhabi's status as a financial hub while fostering collaboration between the UAE and Israel.
25m Health has made significant strides in its first year, launching six startups and investing in five others, focusing on innovative healthcare solutions. Established in
Intrado Corporation has announced updates to its Notified PR platform, enhancing features like CRM tools, targeted media profiles, and social media analytics to support public relations professionals. Key updates include expanded CRM functionalities for better media alignment, improved media contact profiles, custom newsletter creation, and advanced social media engagement metrics. These enhancements aim to provide comprehensive data insights and streamline campaign management. Notified will showcase these updates at the PRSA Annual Conference in Grapevine, TX, from November 13-15, 2022.
Pegasus Merger Co., linked to Apollo Global Management, has extended the expiration date of its cash tender offers for Tenneco's Senior Secured Notes from November 7, 2022, to November 14, 2022. Over 99% of the 5.125% Notes and 98% of the 7.875% Notes have been tendered. The transaction is contingent upon consummation of a merger and other financing conditions. The total consideration for both notes includes a tender consideration of $982.50 for the 5.125% Notes and $1,012.50 for the 7.875% Notes, excluding accrued interest.
Newbond Holdings has announced its acquisition of the Hotel Tampa Riverwalk, formerly the Sheraton Tampa Riverwalk Hotel, in collaboration with investment funds from Apollo (NYSE: APO). This 277-room hotel will undergo significant renovations, including a rebrand and a new waterfront restaurant, aiming to establish itself as downtown Tampa's premier urban waterfront resort. The property offers direct access to Riverwalk Boulevard, enhancing its appeal with outdoor amenities and meeting spaces.
Apollo (NYSE: APO) has successfully completed the sale of Parallel Infrastructure to Harmoni Towers, marking a significant milestone in its infrastructure strategy. The transaction followed Apollo's acquisition of Parallel in 2020, during which the company doubled in size. Apollo executives expressed pride in Parallel's growth and its strategic fit within Harmoni's operations as a leading tower builder in the U.S. As of September 30, 2022, Apollo managed approximately $523 billion in assets, emphasizing its stature in the alternative asset management space.
Apollo Global Management (NYSE: APO) reported strong Q3 results for the period ending September 30, 2022, with record quarterly fee-related earnings and rising spread-related earnings. Year-to-date inflows have reached $100 billion, exceeding initial targets. A cash dividend of $0.40 per share for common stock will be paid on November 30, 2022. Additionally, preferred shares will see a dividend of $0.398438 per share. Apollo's assets under management total approximately $523 billion as of the end of Q3 2022.
Pegasus Merger Co., backed by Apollo Global Management, announced a private offering of $1.0 billion in senior secured notes due 2028 to finance the acquisition of Tenneco Inc. The proceeds will be allocated towards financing the acquisition, repaying Tenneco's existing debt, and covering related expenses. Upon acquisition, Tenneco will assume obligations under the notes, which will be secured by its subsidiaries. The offering is limited to qualified institutional buyers and is exempt from Securities Act registration.
Intrado Corporation has launched an innovative wearable safety device aimed at enhancing emergency response in educational environments. The device, part of the Safety Suite Solution, features a customizable panic button and offers triple redundancy for 100% connectivity coverage. Upon activation, it transmits precise location and incident data to emergency services and school administrators. This device is designed to improve safety in K-12 schools and higher education institutions, supporting various emergency types including medical and active shooter incidents.
Doral Renewables LLC announced a $500 million capital commitment from Apollo and Migdal, alongside a potential $600 million tax equity from Bank of America. This raises the total committed capital to nearly $2 billion, funding a substantial part of Doral's 10 GWac project pipeline. The convertible notes sold to Apollo Funds will be convertible at a $1.5 billion pre-money valuation. These investments are aimed at commercializing nearly 2 GW of late-stage projects and advancing additional projects towards construction.