Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 295

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 295
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4585 622 3584 608 33.95% 2051 AHL Senior Notes1May 25, 2051544 354 3544 360 33.45% 2052 AHL Senior Notes1May 15, 2052504 318 3504 322 36.25% 2054 AHL Senior Notes1April 1, 2054982 989 3983 1,003 36.63% 2055 AHL Senior Notes1May 19, 2055979 1,030 3— — 6.63% 2054 AHL Subordinated Notes1October 15, 2054592 593 3592 598 36.88% 2055 AHL Subordinated Notes1June 28, 2055592 598 3— — 7.25% 2064 AHL Subordinated Notes1March 30, 2064558 577 4558 581 47,864 7,507 6,309 5,844 Total Debt$12,144 $11,815 $10,588 $10,151 1 Interest rate is calculated as weighted average annualized.2 Includes amortization of note discount, as applicable, totaling $43 million and $44 million as of June 30, 2025 and December 31, 2024, respectively. Outstanding balance is presented net of unamortized debt issuance costs.3 Fair value is based on broker quotes. These notes are valued using Level 2 inputs based on the number and quality of broker quotes obtained, the standard deviations of the observed broker quotes and the percentage deviation from external pricing services.4 Fair value is based on quoted market prices. These notes are classified as a Level 1 liability within the fair value hierarchy.Asset Management – Notes IssuedThe indentures governing the 2026 Senior Notes, the 2029 Senior Notes, the 2030 Senior Notes, the 2033 Senior Notes, the 2048 Senior Notes, the 2054 Senior Notes, the 2053 Subordinated Notes and the 2054 Subordinated Notes restrict the ability of AGM, AMH and the guarantors of the notes to incur indebtedness secured by liens on voting stock or profit participating equity interests of their respective subsidiaries, or merge, consolidate or sell, transfer or lease assets. The indentures also provide for customary events of default.Retirement Services – Notes Iss