Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 134

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 134
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 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 IssuedAHL Senior Notes – Athene’s senior unsecured notes are callable by AHL at any time. If called prior to three months before the scheduled maturity date, the price is equal to the greater of (1) 100% of the principal and any accrued and unpaid interest and (2) an amount equal to the sum of the present values of remaining scheduled payments, discounted from the scheduled payment date to the redemption date at the treasury rate plus a spread (as defined in the applicable prospectus supplement) and any accrued and unpaid interest.AHL Subordinated Notes – Athene has fixed-rate reset subordinated notes outstanding, which pay interest at the initially stated fixed rate until the interest rate reset dates, at which point the interest rate resets to the Five-Year U.S. Treasury Rate plus a spread. Reset terms are as defined in the applicable prospectus supplement. Athene may defer interest payments on the subordinated notes for up to five consecutive years.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Credit and Liquidity FacilitiesThe following table represents the Company’s credit and liquidity facilities as of March 31, 2025:Instrument/FacilityBorrowing DateMaturity DateAdministrative AgentKey termsAsset Management - AGM credit facilityN/ANovember 21, 2029CitibankThe borrowing capacity under the AGM credit facility is $1.25 billion, subject to being increased up to $1.5 billion in total.Retirement Services - AHL credit facilityN/AJune 30, 2028CitibankThe borrowing capacity under the AHL credit facility is $1.25 billion, subject to being increased up to $1.75 billion in total.Retirement Services - AHL liquidity facilityN/AJune 27, 2025Wells Fargo BankThe borrowing capacity under the AHL liquidity facility is $2.6 billion, subject to being increased up to $3.1 billion in total.Asset Management – Credit FacilityOn November 21, 2024, AGM and AMH, as parent borrower and subsidiary borrower, respectively, entered into a $1.25 billion revolving credit facility with Citibank, N.A., as