PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 5:07 PM
| This Slide: #192 of 609 |
Slide #192. Apollo Global Management, LLC — Preferred Stock Offering
Company:
Apollo Global Management, LLC (NYSE:APO)
Date announced:
3/12/2018
Shares Offered:
12,000,000
Date of Pricing:
3/12/2018
Price Per Share:
$25.00
Preferred Stock Offering Details:
Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") today announced the pricing of a $300.0 million offering of 12,000,000 of its 6.375% Series B Preferred Shares representing limited liability company interests with a liquidation preference of $25.00 per share. The offering is expected to close on March 19, 2018, subject to customary closing conditions.
Apollo Global Management is an alternative investment manager. Co.'s Credit segment invests in non-control corporate and structured debt instruments including investments across the capital structure. Co.'s Private Equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. Co.'s Real Assets segment invests in real estate equity and infrastructure equity for the acquisition and recapitalization of real estate and infrastructure assets, portfolios, platforms and operating companies; real estate and infrastructure debt; and European performing and non-performing loans, and unsecured consumer loans.
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Avg. Broker Rec.
 
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Buy (3.00 out of 4) 38th percentile
(ranked lower than approx. 62% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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