Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 189

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 189
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 Subordinated Debentures due June 28, 2055 (the “2055 AHL Subordinated Notes”). Athene will accrue interest quarterly and pay interest semi-annually at an annual fixed rate of 6.875% on the 2055 AHL Subordinated Notes, commencing on December 28, 2025 until June 28, 2035. On June 28, 2035, and every fifth annual anniversary thereafter, the interest rate will reset to the Five-Year U.S. Treasury Rate (as defined in the applicable prospectus supplement) plus 2.582%. AHL may defer interest payments on the 2055 AHL Subordinated Notes for up to five consecutive years.Credit and Liquidity FacilitiesThe following table represents the Company’s credit and liquidity facilities as of September 30, 2025:Instrument/FacilityBorrowing DateMaturity DateAdministrative AgentKey termsAsset Management – AGM credit facilityN/ANovember 21, 2029CitibankThe borrowing capacity under the AGM credit facility is $1.25 billion, subject to being increased up to $1.5 billion in total.Asset Management –Bridge credit facilityN/AJune 3, 2026CIBCThe borrowing capacity under the Bridge credit facility is $150 million, subject to being increased up to $225 million in total.Retirement Services – AHL credit facilityN/AJune 30, 2028CitibankThe borrowing capacity under the AHL credit facility is $1.25 billion, subject to being increased up to $1.75 billion in total.Retirement Services – AHL liquidity facilityN/AJune 26, 2026Wells Fargo BankThe borrowing capacity under the AHL liquidity facility is $2.6 billion, subject to being increased up to $3.1 billion in total.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Asset Management – Credit FacilityOn November 21, 2024, AGM and AMH, as parent borrower and subsidiary borrower, respectively, entered into a $1.25 billion revolving credit facility with Citibank, N.A., as administrative agent, which matures on November 21, 2029 (“AGM credit facility”). As of September 30, 2025, AGM and AMH, as borrowers under the facility, could incur incremental facilities in an aggregate amount not to exceed $250