Apollo Global Management, Inc. - APO STOCK NEWS

Apollo Global Management (NYSE: APO) announced that James Zelter, Co-President and Chief Investment Officer, Credit, will present at the Morgan Stanley Virtual US Financials Conference on June 9, 2020, at 1:00 pm ET. A live webcast of the presentation will be available on Apollo's Stockholders section of their website. A replay will also be accessible after the event. Apollo manages approximately $316 billion in assets as of March 31, 2020, focusing on credit, private equity, and real assets.

Tiger Merger Sub Co., affiliated with Apollo Global Management, has extended the expiration date for its tender offers and consent solicitations for Tech Data Corporation's senior notes. The new expiration is set for June 16, 2020. As of the previous deadline, approximately 86.83% of 2022 Notes and 73.78% of 2027 Notes were validly tendered. This initiative is part of a merger agreement where Tiger Midco, LLC will acquire Tech Data. The tendering process is subject to the merger's successful closing and other conditions.

Apollo Global Management (NYSE: APO) announced plans to offer senior notes via its subsidiary, Apollo Management Holdings, L.P. The notes will be guaranteed by multiple indirect subsidiaries and are intended for qualified institutional buyers under Rule 144A and Regulation S. Proceeds from the offering will be used for general corporate purposes. The notes have not been registered under the Securities Act and are subject to certain risks, including potential impacts from COVID-19 on operations and market conditions.

Intrado Corporation has announced free access to its Intrado Patient Messenger notification solution for hospitals in disadvantaged New York communities impacted by COVID-19. This initiative includes major healthcare networks such as MediSys Health Network and BronxCare, enhancing patient communication about symptoms, testing locations, and policies. The service can send up to 1,000 messages per second and supports multiple languages. Intrado aims to assist front-line hospitals through its foundation, reflecting its commitment to corporate social responsibility under Apollo Global Management.

Apollo Global Management (NYSE: APO) announced that Marc Rowan, Co-Founder and Senior Managing Director, will present at the Bernstein Strategic Decisions Conference on May 28, 2020, at 1:00 p.m. ET. A live audio webcast of the presentation will be accessible on Apollo’s Stockholders website, with a replay available shortly after the event for those unable to attend live.

Apollo is a leading global alternative investment manager, managing approximately $316 billion in assets across various sectors as of March 31, 2020.

Apollo Global Management (NYSE: APO) announced the closure of approximately $1.75 billion in commitments for its latest investment vehicle, Apollo Accord Fund III B. Launched in response to the market volatility during Q1 2020, the fund aims to capitalize on mispriced credit risks. Over a span of 8 weeks, strong institutional demand facilitated these commitments. The Firm continues to emphasize its strategy of providing liquidity in stressed markets, focusing on high-quality, secured cross-asset credit.

Apollo Global Management has announced a significant investment of $1.75 billion in convertible preferred stock of Albertsons Companies, equating to approximately 17.5% equity ownership. This transaction, led by Apollo’s Hybrid Value business, is anticipated to close by June 15, 2020, pending customary conditions. This move reflects Apollo's confidence in Albertsons' resilient business model and strategic growth plans. Since the beginning of 2020, Apollo has invested over $50 billion across various sectors, including more than $1 billion in recent transactions with notable companies.

Tiger Merger Sub Co., an affiliate of Apollo Global Management, has extended the expiration date for its tender offers regarding Tech Data Corporation’s senior notes. The new expiration date is June 2, 2020, at 5:00 p.m. EDT. As of May 19, 2020, approximately 86.74% of the 2022 Notes and 73.78% of the 2027 Notes had been tendered. These offers are part of a merger agreement where Tiger Midco, LLC aims to acquire Tech Data Corporation. The acceptance of tendered notes is contingent upon the concurrent closing of the merger.

Apollo Global Management announced the extension of the expiration date for its Tender Offers and Consent Solicitations related to Tech Data Corporation's 3.700% Senior Notes due 2022 and 4.950% Senior Notes due 2027. The new expiration date is May 19, 2020. As of the previous expiration date (May 5, 2020), approximately 86.67% of the 2022 Notes and 73.76% of the 2027 Notes were validly tendered. The offers are contingent upon the closing of the merger with Tech Data Corporation.