Company: APO
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001193125-25-177032
Chunk: 78

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-08
Form: 424B5
Chunk 78
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 | all of the indebtedness of that person evidenced by notes, debentures, bonds or other similar instruments sold by 
 that person for money;                                                                                            |

| • |     | all of the lease obligations which are capitalized on the books of that person in accordance with GAAP (as 
 defined herein);                                                                                           |

| • |     | all indebtedness of others of the kinds described in the first two bullet points above and all lease obligations                                                                                                                                       
 of others of the kind described in the third bullet point above that the person, in any manner, assumes or guarantees or that the person in effect guarantees through an agreement to purchase, whether that agreement is contingent or otherwise; and |

| • |     | all renewals, extensions or refundings of indebtedness of the kinds described in the first, second or fourth                  
 bullet point above and all renewals or extensions of leases of the kinds described in the third or fourth bullet point above; |

unless, in the case of any particular indebtedness, lease, renewal, extension or refunding, the instrument or lease creating or evidencing it or the assumption or guarantee relating to it expressly provides that such indebtedness, lease, renewal, extension or refunding is not superior in right of payment to the subordinated debt securities. Our senior debt securities, and any unsubordinated guarantee obligations of ours or any guarantor to which we and the guarantors are a party, including the guarantors’ guarantees of our debt securities and other indebtedness for borrowed money, constitute Senior Indebtedness for purposes of the subordinated indenture. 13

Pursuant to the subordinated indenture, the subordinated indenture may not be amended, at
any time, to alter the subordination provisions of any outstanding subordinated debt securities without the consent of the requisite holders of each outstanding series or class of Senior Indebtedness (as determined in accordance with the instrument
governing such Senior Indebtedness) that would be adversely affected.

Certain Covenants

Limitation on Consolidation, Merger, Conveyance or Transfer on Certain Terms

For so long as any debt securities are outstanding, except as described in the applicable prospectus supplement relating to such debt
securities, the Company will not consolidate with or merge into any other Person or convey or transfer its properties and assets substantially as an entirety to any Person, unless:

(1) the Person formed by such consolidation or into which the Company is merged or the Person that acquires by conveyance or