Company: APO
Filing Date: 2025-08-07
Form Type: 424B5
Source: 0001193125-25-175021
Chunk: 87

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 424B5
Chunk 87
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 the consent of whose holders is required for any supplemental indenture, waiver of compliance with certain provisions of the applicable indenture or certain defaults under the applicable
indenture;

(3) modify any of the provisions of the applicable indenture related to (i) the requirement that the holders of debt
securities issued under such indenture consent to certain amendments of the applicable indenture, (ii) the waiver of past defaults and (iii) the waiver of certain covenants, except to increase the percentage of holders required to make
such amendments or grant such waivers;

(4) impair or adversely affect the contractual right of any holder to institute suit for the
enforcement of any payment on, or with respect to, such senior debt securities on or after the maturity of such debt securities; or

(5)
amend or modify the terms of any guarantees in a manner adverse to the holders.

In addition, the subordinated indenture provides that we
may not make any change in the terms of the subordination of the subordinated debt securities of any series in a manner adverse in any material respect to the holders of any series of subordinated debt securities without the consent of each holder
of subordinated debt securities that would be adversely affected.

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.

The Trustee

The Trustee named under each indenture and its affiliates may also provide banking, trustee and other services for, and transact other banking
business with, us in the normal course of business.

Governing Law

The indentures will be governed by, and construed in accordance with, the laws of the State of New York.

18

Global Securities

We may issue debt securities through global securities. A global security is a security, typically held by a depositary, that represents the
beneficial interests of a number of purchasers of the security. If we do issue global securities, the following procedures will apply.

We
will deposit global securities with the depositary identified in the applicable prospectus supplement. After we issue a global security, the depositary will credit on its book-entry registration and transfer system the respective principal amounts
of the debt securities represented by the global security