Company: APO
Filing Date: 2025-11-06
Form Type: 424B5
Source: 0001193125-25-269713
Chunk: 34

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-06
Form: 424B5
Chunk 34
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 such Non-GuarantorEntities exceed the Non-GuarantorLimitation. Any such designation or removal by the Issuer shall be evidenced to the Trustee by promptly filing with the Trustee a certified copy of a duly adopted resolution of the Issuer to have been duly adopted by the Issuer’s board of directors giving effect to such designation or removal, and in the case of a designation, a certificate of a financial officer of the Issuer certifying that such designation complied with the foregoing provisions. “Person” means an individual, a corporation, a partnership, a limited liability company, an association, a trust or any other entity, including a government or political subdivision or an agency or instrumentality thereof. Ranking The payment of the principal of, premium, if any, and interest on the notes of each series and the payment of any Note Guarantee will:

| • |     | rank equally in right of payment with all existing and future unsecured and unsubordinated Indebtedness (as 
 defined below), liabilities and other obligations of the Issuer or the relevant Guarantor;                  |

| • |     | rank senior in right of payment to all existing and future subordinated Indebtedness of the Issuer or the 
 relevant Guarantor;                                                                                       |

| • |     | be effectively subordinated to all existing and future secured Indebtedness of the Issuer or the relevant 
 Guarantor, to the extent of the value of the assets securing such Indebtedness; and                       |

| • |     | be structurally subordinated in right of payment to all existing and future Indebtedness, liabilities and other 
 obligations of each subsidiary of the Issuer or the relevant Guarantor that is not itself a Guarantor.          |

The indenture does not contain any limitations on the amount of additional Indebtedness that the Issuer or any of the Guarantors or their respective subsidiaries may incur. As of September 30, 2025, each of the Issuer and the Guarantors had $3,697 million in outstanding senior Indebtedness ranking equally with the notes and the Note Guarantees and $1,078 million in outstanding Indebtedness ranking junior to the notes and the Note Guarantees. “Indebtedness” shall mean (a) any obligation of, or any obligation guaranteed by, the Issuer or the Guarantors for which such Person is responsible or liable as obligor or otherwise including principal, premium and interest (whether accruing before or