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MarketScreener Homepage  >  Equities  >  Nyse  >  Apollo Global Management, Inc.    APO


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APOLLO GLOBAL MANAGEMENT, INC. : Regulation FD Disclosure, Other Events, Financial Statements and Exhibits (form 8-K)

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06/02/2020 | 08:47am EDT

Item 7.01 Regulation FD Disclosure.

In connection with the offering of the Notes (as defined below), Apollo Global Management, Inc. (together with its consolidated subsidiaries, "Apollo") is disclosing under Item 7.01 of this Current Report on Form 8-K the information attached to this report as Exhibit 99.1, which information is incorporated by reference herein. This information, which has not been previously reported, was provided on June 2, 2020, to potential investors in the offering of the Notes.

The information in Item 7.01, including Exhibit 99.1, is deemed "furnished" and not "filed" under Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the "Securities Act") or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 Item 8.01 Other Events.

On June 2, 2020, Apollo issued a press release announcing that its indirect subsidiary, Apollo Management Holdings, L.P. (the "Issuer"), intends to offer Senior Notes (the "Notes"), subject to market and other conditions. The Notes will be fully and unconditionally guaranteed by Apollo's indirect subsidiaries, Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P., Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX, L.P., Apollo Principal Holdings X, L.P., Apollo Principal Holdings XI, LLC, Apollo Principal Holdings XII, L.P. and AMH Holdings (Cayman), L.P. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated by reference herein.

The Notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act.

The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

The information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, may contain forward looking statements that are within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. When used in this Current Report on Form 8-K, the words "believe," "anticipate," "estimate," "expect," "intend" or future or conditional verbs, such as "will," "should," "could," or "may," and variations of such words or similar expressions are intended to

identify forward-looking statements. Although management believes that the expectations reflected in these forward looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to our dependence on certain key personnel, our ability to raise new credit, private equity, or real assets funds, the outbreak of the novel coronavirus disease 2019 ("COVID-19"), the impact of energy market dislocation, market conditions generally, our ability to manage our growth, fund performance, changes in our regulatory environment and tax status, the variability of our revenues, net income and cash flow, our use of leverage to finance our businesses and investments by our funds and litigation risks, among others. Due to the COVID-19 pandemic, there has been uncertainty and disruption in the global economy and financial markets. While we are unable to accurately predict the full impact that COVID-19 will have on our results from operations, financial condition, liquidity and cash flows due to numerous uncertainties, including the duration and severity of the pandemic and containment measures, our compliance with these measures has impacted our day-to-day operations and could disrupt our business and operations, as well as that of the Apollo funds and their portfolio companies, for an indefinite period of time. We believe these factors include but are not limited to those described under the section entitled "Risk Factors" in Apollo's annual report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 21, 2020 and quarterly report on Form 10-Q filed with the SEC on May 11, 2020, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This Current Report on Form 8-K or the offering of the Notes do not constitute an offer of any Apollo fund.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.   Description
99.1            Disclosure provided to potential investors
99.2            Press release of Apollo Global Management, Inc. dated June 2, 2020
104           Cover Page Interactive Data File (embedded within the Inline XBRL

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Financials (USD)
Sales 2020 1 842 M - -
Net income 2020 - - -
Net Debt 2020 2 145 M - -
P/E ratio 2020 -
Yield 2020 3,61%
Capitalization 11 604 M 11 604 M -
EV / Sales 2019
EV / Sales 2020 7,47x
Nbr of Employees 1 460
Free-Float 87,4%
Duration : Period :
Apollo Global Management, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APOLLO GLOBAL MANAGEMENT,
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 53,67 $
Last Close Price 50,71 $
Spread / Highest target 20,3%
Spread / Average Target 5,83%
Spread / Lowest Target -11,3%
Leon David Black Chairman & Chief Executive Officer
Scott Martin Kleinman Co-President
James Charles Zelter Co-President & Chief Investment Officer-Credit
Martin Kelly Co-Chief Operating & Financial Officer
Anthony M. Civale Co-Chief Operating Officer
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