Apollo Global Management

ICG appoints David Saitowitz as Head of US Liquid Credit

Retrieved on: 
Thursday, January 4, 2024
Professional Services, Finance, Research, Syndication, ICG, JPMorgan Chase, Growth, Head, Apollo Global Management, Leveraged buyout

ICG, the global alternative asset manager, today announced the appointment of David Saitowitz as Head of US Liquid Credit.

Key Points: 
  • ICG, the global alternative asset manager, today announced the appointment of David Saitowitz as Head of US Liquid Credit.
  • Prior to joining ICG, David spent more than a decade at Apollo Global Management, most recently as Partner, Co-Head of US Performing Credit and Head of Industry Research.
  • In addition to David, ICG has added three analysts to its liquid credit investment team over the past year.
  • Brian Spenner, Head of North American Credit at ICG, commented:
    “David’s appointment demonstrates ICG’s dedication to building out our global liquid credit capabilities.

Sun Country Airlines Holdings, Inc. Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Retrieved on: 
Tuesday, December 12, 2023
Telephone, 2nd Floor, Sale, Hand, Country, Apollo Global Management, Varick Street, Sun Country Airlines, Barclays, Broadridge Financial Solutions, Morgan Stanley, Security (finance)

Sun Country Airlines is not selling any shares and will not receive any proceeds from the offering.

Key Points: 
  • Sun Country Airlines is not selling any shares and will not receive any proceeds from the offering.
  • The Concurrent Share Repurchase will be made pursuant to Sun Country Airlines’ previously announced stock repurchase program.
  • The completion of the Concurrent Share Repurchase will reduce the remaining availability under the stock repurchase program.
  • Sun Country Airlines intends to fund the Concurrent Share Repurchase from existing cash on hand.

Sun Country Airlines Holdings, Inc. Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Retrieved on: 
Monday, December 11, 2023
Telephone, 2nd Floor, Sale, Hand, Country, Apollo Global Management, Varick Street, Sun Country Airlines, Barclays, Broadridge Financial Solutions, Morgan Stanley, Security (finance)

Sun Country Airlines is not selling any shares and will not receive any proceeds from the proposed offering.

Key Points: 
  • Sun Country Airlines is not selling any shares and will not receive any proceeds from the proposed offering.
  • The Concurrent Share Repurchase would be made pursuant to Sun Country Airlines’ previously announced stock repurchase program.
  • The completion of the Concurrent Share Repurchase will reduce the remaining availability under the stock repurchase program.
  • Sun Country Airlines plans to fund the Concurrent Share Repurchase from existing cash on hand.

KBW Announces Index Rebalancing for Fourth-Quarter 2023

Retrieved on: 
Saturday, December 9, 2023
Stifel, NTB, Bank, KBWD, KREF, KDX, Index, KFTX, REIT, ETF, ARI, Apollo Global Management, Ticker, SF, KBWY, Manufacturing

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.

Key Points: 
  • NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.
  • This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY).
  • As part of this rebalancing, below are the component-level changes across impacted indices:
    KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX; ETF Ticker: KBWD)
    Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI)
    Ares Commercial Real Estate Corporation (NYSE: ACRE)
    KKR Real Estate Finance Trust, Inc. (NYSE: KREF)
    Bank of N.T.
  • Butterfield & Son Limited (The) (NASDAQ: NTB)
    PennyMac Mortgage Investment Trust (NASDAQ: PMT)
    KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN)

Bird Enters into Comprehensive Restructuring Support Agreement with First- and Second-Lien Lenders to Strengthen Financial Position

Retrieved on: 
Wednesday, December 20, 2023
OTCQX, Sale, Bankruptcy, LLP, File, City, Court, Interim, Transport, Carbon, RSA, Apollo Global Management, United States bankruptcy court, Development

MIAMI, Dec. 20, 2023 /PRNewswire/ -- Bird Global, Inc. (OTCQX: BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced its entry into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth. Bird will operate as usual during this process, maintaining the same service for its riders and upholding its commitments to partner cities, fleet managers, and employees.

Key Points: 
  • "We are making progress toward profitability and aim to accelerate that progress by right-sizing our capital structure through this restructuring.
  • We remain focused on our mission to make cities more livable by using micromobility to reduce car usage, traffic, and carbon emissions."
  • The Company's first- and second-lien lenders have also entered into a comprehensive restructuring support agreement (the "RSA").
  • Bird Canada and Bird Europe (dba as "Bird Rides Europe B.V.") are not part of the filing and also continue to operate as normal.

KBRA Assigns Rating to MidCap Financial Investment Corporation's $75 Million Senior Unsecured Notes

Retrieved on: 
Wednesday, December 6, 2023
Banking, Professional Services, Finance, EBITDA, KBRA, Apollo Global Management, FV, Risk management, Investment, BDC, AGM, Corporate services, Health care, RIC, AUM, Security (finance), MD

KBRA assigns a BBB- rating to MidCap Financial Investment's ("MFIC" or "the company") $75 million 8.0% senior unsecured notes due December 15, 2028.

Key Points: 
  • KBRA assigns a BBB- rating to MidCap Financial Investment's ("MFIC" or "the company") $75 million 8.0% senior unsecured notes due December 15, 2028.
  • MidCap Financial is a Bethesda, MD based middle market focused, specialty finance firm that was established in 2008 and has a long history of solid credit performance.
  • The company has $350 million of senior unsecured notes coming due in 2025.
  • The company changed its name from Apollo Investment Corporation in August 2022 to more closely align its strategy and ties with MidCap Financial.

Glancy Prongay & Murray LLP Announces Investigation of Apollo Global Management, Inc. (APO) (f/k/a Tango Holdings, Inc.)

Retrieved on: 
Tuesday, December 5, 2023
Professional Services, Class Action Lawsuit, APO, Helmsley Building, Suite, Apollo Global Management, NYSE, GPM

Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Apollo Global Management, Inc. (NYSE: APO) (f/k/a Tango Holdings, Inc.) concerning the Company and its directors’ and officers’ possible violations of state laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Apollo Global Management, Inc. (NYSE: APO) (f/k/a Tango Holdings, Inc.) concerning the Company and its directors’ and officers’ possible violations of state laws.
  • If you inquire by email please include your mailing address, telephone number, and the number of shares purchased and held.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20231205192435/en/

Apollo Prices Offering of Senior Notes

Retrieved on: 
Wednesday, November 8, 2023
Sale, Goldman Sachs, APO, NYSE, Apollo, RBC Capital Markets, Telephone, Note, Electric Bond and Share Company v. Securities and Exchange Commission, Senior, BNP Paribas, BofA Securities, Prospectus, Apollo Global Management, J.P. Morgan & Co., UBS, Debt-to-GDP ratio, AMH, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Security (finance)

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering of $500 million aggregate principal amount of its 6.375% Senior Notes due 2033 (the “notes”).

Key Points: 
  • NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering of $500 million aggregate principal amount of its 6.375% Senior Notes due 2033 (the “notes”).
  • The notes will be fully and unconditionally guaranteed by Apollo Asset Management, Inc., 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 XII, L.P., AMH Holdings (Cayman), L.P. and Apollo Management Holdings, L.P. (“AMH”).
  • The net proceeds from the offering will be approximately $493.1 million, after deducting underwriting discounts but before offering expenses.
  • Apollo intends to use the proceeds from the offering to repurchase, repay, redeem or otherwise retire in full the $500 million aggregate principal amount outstanding of the 4.000% Senior Notes due 2024 issued by AMH (the “2024 Senior Notes”) before or upon their maturity and pay related fees and expenses.

MidCap Financial Investment Corporation Announces Merger Agreements with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.

Retrieved on: 
Tuesday, November 7, 2023
Register, APO, NYSE, Equity, Rotation, Conference, Research, AFT, Shareholder, CEF, Dechert, Proskauer Rose, Indian Sugar Mills Association, Apollo Global Management, NAV, Lazard, BDC, Simpson Thacher & Bartlett, Keefe, Bruyette & Woods, Transaction, Security (finance), Holding company, Bank, Mergers and acquisitions, Calendar

NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC), Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF) (AFT and AIF, together, the “CEFs”) today announced that they have entered into separate definitive agreements pursuant to which AFT and AIF will merge with and into MFIC (the “Mergers” or the “Transactions”), subject to certain shareholder approvals and customary closing conditions. MFIC is a publicly traded business development company (“BDC”) managed by an affiliate of Apollo Global Management, Inc. (“Apollo”, NYSE: APO), and the CEFs are publicly traded closed-end management investment companies also managed by an affiliate of Apollo.ii Under the terms of the merger agreements, MFIC will be the surviving entity and will continue to operate as a BDC and trade on the NASDAQ Global Select Exchange under the ticker symbol “MFIC.” MFIC’s investment strategy will continue to focus on first lien floating rate loans to middle market companies, primarily sourced by MidCap Financial,iii a leading middle market lender. All current MFIC officers and directors will remain in their current positions.

Key Points: 
  • We look forward to realizing the benefits of a larger combined company, including enhanced returns for all shareholders, greater scale, and enhanced portfolio diversification.
  • Lazard served as financial advisor and Proskauer Rose LLP as legal counsel to the special committee of MFIC.
  • Participants should reference either MidCap Financial Investment Corporation Earnings or Conference ID: MFIC1108 when prompted.
  • To access the audio webcast please visit the Events Calendar in the Shareholders section of our website at www.midcapfinancialic.com.

Apollo Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Michigan Office of Retirement Services, APO, NYSE, Retirement, Apollo, Common stock, Environment, Growth, Webcast, Apollo Global Management, Holding company, Broadcasting

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2023.

Key Points: 
  • NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2023.
  • Apollo Global Management, Inc. has declared a cash dividend of $0.43 per share of its Common Stock for the third quarter ended September 30, 2023.
  • This dividend will be paid on November 30, 2023 to holders of record at the close of business on November 17, 2023.
  • During the webcast, members of Apollo’s senior management team will review Apollo’s financial results for the third quarter ended September 30, 2023.