Company: APO
Filing Date: 2025-08-07
Form Type: 424B5
Source: 0001193125-25-175021
Chunk: 50

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 424B5
Chunk 50
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 the provisions of U.S. Treasury regulations relating to “contingent payment debt instruments.” According to the applicable U.S. Treasury regulations, certain contingencies will not cause a debt
instrument to be treated as a contingent payment debt instrument if such contingencies, as of the date of issuance, are remote or incidental. We intend to take the position that the foregoing contingencies are “remote” or
“incidental”, and, accordingly, we do not intend to treat the notes as contingent payment debt instruments. Our position that such contingencies are remote or incidental is binding on you, unless you disclose your contrary position in the
manner required by applicable U.S. Treasury regulations. Our position is not, however, binding on the IRS, and if the IRS were to successfully challenge this position, you might be required to accrue ordinary interest income on the notes at a rate
in excess of the stated interest rate, and to treat as ordinary interest income (rather than capital gain) any gain realized on the taxable disposition of the notes. The remainder of this discussion assumes that the notes will not be treated as
contingent payment debt instruments. You are urged to consult your own tax advisors regarding the possible application of the contingent payment debt instrument rules to the notes.

Certain U.S. Federal Income Tax Considerations for U.S. Holders

The following is a summary of certain U.S. federal income tax consequences that will apply if you are a U.S. holder.

Stated Interest. Generally, subject to the following paragraph, any stated interest payments on the notes to you will be taxable as
ordinary interest income at the time they accrue or are received, in accordance with your regular method of tax accounting for U.S. federal income tax purposes.

Original Issue Discount. The notes will be considered issued with original issue discount (“OID”) if the stated redemption
price at maturity of the notes exceeds its issue price by more than the de minimis amount of 1/4 of 1 percent of the “stated redemption price at maturity” multiplied by the number of complete years from the issue date of the notes to
its maturity. The “issue price” of the notes is generally the first price at which a substantial amount of the notes included in the issue of which the notes are a part is sold to persons other than bond houses, brokers, or similar persons
or organizations acting in the capacity of underwriters, placement agents or wholesalers. The “stated redemption price at maturity” of the notes is the total of all