Company: APO
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001193125-25-177032
Chunk: 23

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-08
Form: 424B5
Chunk 23
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 under our revolving credit facilities. |

S-18

As of June 30, 2025, our subsidiary AHL had issued and outstanding (i) 34,500,000
Depositary Shares, each representing a 1/1,000th interest in a 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred
Stock, Series A with an aggregate liquidation preference of $862,500,000, (ii) 13,800,000 Depositary Shares, each representing a 1/1,000th interest in a 5.625% Fixed-Rate Perpetual Non-Cumulative Preferred
Stock, Series B with an aggregate liquidation preference of $345,000,000, (iii) 23,000,000 Depositary Shares, each representing a 1/1,000th interest in a 4.875% Fixed-Rate Perpetual Non-Cumulative Preferred
Stock, Series D with an aggregate liquidation preference of $575,000,000 and (iv) 20,000,000 Depositary Shares, each representing a 1/1,000th interest in a 7.75% Fixed-Rate Reset Perpetual Non-Cumulative
Preferred Stock, Series E with an aggregate liquidation preference of $500,000,000.

S-19

DESCRIPTION OF THE NOTES

Set forth below is a description of the material terms of the 5.150% Senior Notes due 2035 (the “notes”). This description does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the Trust Indenture Act of 1939, as amended (the “TIA”), and to all of the provisions of the indenture (as defined below) governing the notes and those terms made a part of the indenture by reference to the TIA. In addition to reading this description of the notes, you should also read the indenture under which the notes are to be issued because it, and not this description, will define your rights as a holder of the notes. A copy of the indenture will be available from the Issuer (as defined below) upon request.

General

The notes will
be issued by Apollo Global Management, Inc. (the “Issuer” and, together with the Guarantors (as defined below), the “Credit Parties”). The notes will be fully and unconditionally guaranteed on a joint and several basis by Apollo