Item 1.01. Entry into a Material Definitive Agreement.
On July 9, 2021, Apollo Investment Corporation (the "Company") entered into an
underwriting agreement (the "Underwriting Agreement") by and among the Company,
Apollo Investment Management, L.P., Apollo Investment Administration, LLC and
BofA Securities, Inc., as representative of the several underwriters named in
Schedule II thereto, in connection with the issuance and sale of $125,000,000
aggregate principal amount of the Company's 4.500% Notes due 2026 (the "Notes")
(the "Offering"). The closing of the Offering is expected to occur on July 16,
2021, subject to customary closing conditions. The Notes will be direct
unsecured obligations of the Company and rank equally in right of payment with
all outstanding and future unsecured unsubordinated indebtedness issued by the
Company. The Notes will be structurally subordinated to the debt of any of the
Company's subsidiaries and effectively subordinated to all of the Company's
outstanding and future secured indebtedness.
The Offering was made pursuant to the Company's effective shelf registration
statement on Form N-2 (Registration No. 333-238518) previously filed with the
Securities and Exchange Commission, as supplemented by a preliminary prospectus
supplement dated July 9, 2021 and a final prospectus supplement dated July 9,
2021.
The foregoing description of the Underwriting Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of the
Underwriting Agreement filed with this report as Exhibit 1.1 and which is
incorporated herein by reference
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
1.1 Underwriting Agreement, dated July 9, 2021, by and among Apollo
Investment Corporation, Apollo Investment Management, L.P., Apollo
Investment Administration, LLC and BofA Securities, Inc., as
representative of the several underwriters named in Schedule II thereto
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