Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Apollo Completes $500 Million Subordinated Notes Offering
- Client News
- October 10, 2024
Paul, Weiss advised Apollo Global Management in its offering of $500 million aggregate principal amount of its 6.000% fixed-rate resettable junior subordinate notes due 2054. The notes are fully and unconditionally guaranteed by certain Apollo subsidiaries. Apollo will use the net proceeds from the offering for general corporate purposes, including to redeem in full its $300 million aggregate principal amount outstanding of the 4.950% fixed-rate resettable subordinated notes due 2050. J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC acted as joint bookrunning managers for the offering.
The Paul, Weiss team was led by Christodoulos Kaoutzanis and Gregory Ezring, and included corporate partners Brian Janson and Brad Finkelstein, and tax partners Brian Grieve and Brad Okun.