Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 239

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 239
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 first quarter of 2024, Athene issued $575 million of 7.250% Fixed-Rate Reset Junior Subordinated Debentures due March 30, 2064 (the “2064 AHL Subordinated Notes”). Athene will pay interest at an annual fixed rate of 7.250% on the 2064 AHL Subordinated Notes quarterly, commencing on June 30, 2024 until March 30, 2029. On March 30, 2029, 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 2.986%. Athene may defer interest payments for up to five consecutive years.During the fourth quarter of 2024, Athene issued $600 million of 6.625% Fixed-Rate Reset Junior Subordinated Debentures due October 15, 2054 (the “2054 AHL Subordinated Notes”). Athene will pay interest semi-annually at an annual fixed rate of 6.625% on the 2054 AHL Subordinated Notes, commencing on April 15, 2025 until October 15, 2034. On October 15, 2034, 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 2.607%. Athene may defer interest payments for up to five consecutive years.Credit and Liquidity FacilitiesThe following table represents the Company’s credit and liquidity facilities as of December 31, 2024: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.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 27, 2025Wells 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,