Company: APO
Filing Date: 2025-11-06
Form Type: 424B5
Source: 0001193125-25-269713
Chunk: 22

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-06
Form: 424B5
Chunk 22
---
Change of Control” transaction as defined in the applicable indenture, but also a Below Investment Grade Rating Event (as defined herein) resulting from such transaction. See “Description of the Notes—Offer to Repurchase Upon a Change of Control Repurchase Event.” Your ability to transfer the notes of a series may be limited by the absence of an active trading market, and there is no assurance that any active trading market will develop for the notes of either series. The 2031 notes are a new issue of securities for which there is no established public market. The new 2035 notes offered hereby will be a further issuance of, and will form a single series with, the existing 2035 notes. We do not intend to list the notes of either series on any national or international securities exchange or arrange for them to be quoted on any quotation system. Certain underwriters have advised us that they currently make a secondary market in the existing 2035 notes and they intend to make a market in each series of notes as permitted by applicable laws and regulations; however, the underwriters are not obligated to make a market in the notes of either series, and they may discontinue their market making activities at any time without notice. Therefore, we cannot assure you that an active trading market for the notes will develop or, if developed, that it will continue. We cannot assure you that the market, if any, for the notes of either series will be free from disruptions that may adversely affect the prices at which you may sell your notes. In addition, subsequent to their initial issuance, the notes of either series may trade at a discount from their initial offering price, depending upon our credit ratings with major credit rating agencies, prevailing interest rates, the market for similar notes, our performance, overall conditions of the economy and financial markets and other factors. If an active trading market does develop, changes in our credit ratings or in the debt markets could adversely affect the market price of the notes. The market price for the notes will depend on many factors, including:

| • |     | our credit ratings with major credit rating agencies; |

| • |     | the prevailing interest rates being paid by other companies similar to us; |

| • |     | our results of operations, financial condition and future prospects; and |

| • |     | the overall condition of the economy and the financial markets. |

The condition of the financial markets and prevailing interest rates have fluctuated in the past and are likely to fluctuate in the future. Fluctuations could have an adverse