Apollo Global Management stock tracks financing ahead of Mubadala close

Published on 11/12/2026 at 16:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apollo Global Management stock tracks a new financing plan linked to the firm's Mubadala Capital expansion. Closing is expected on Friday.

Financing adds a near-term milestone

Apollo priced junior subordinated notes to support general corporate purposes and its Mubadala Capital Asset Management investment.
The notes carry a fixed 7.550 percent coupon through December 15, 2036, before resetting against the five-year US Treasury rate.
The expected November 13 closing is the next immediate event for investors.

Apollo Global Management, US03769M1062, Illustration mit AI erstellt.

Apollo Global Management priced a new subordinated debt offering on November 9, with proceeds intended partly to fund its previously announced investment in Mubadala Capital Asset Management. Apollo's investor-relations release describes the transaction and its expected closing on November 13.

Apollo said the offering comprises fixed-rate resettable junior subordinated notes due in 2056. The notes pay a 7.550 percent annual rate until December 15, 2036. After that date, the coupon resets for each period to the five-year US Treasury rate plus a spread of 2.672 percent. Interest is scheduled twice a year from June 15, 2027, although Apollo can defer payments under the securities' terms.

The company expects net proceeds of approximately 594 million US dollars after the underwriting discount and before offering expenses. The stated uses also include general corporate purposes, related fees and expenses, and funding for the Mubadala Capital transaction. Certain subsidiaries will fully and unconditionally guarantee the notes, according to Apollo's investor-relations release.

Price moves since the prior report

Apollo Global Management stock traded at 108.65 euros on Lang & Schwarz at 16:31 CET on Thursday, November 12, 2026. Compared with the 110.55-euro Lang & Schwarz quote in the own report published at 13:30 CET the same day, the stock was 1.72 percent lower. This separate intraday comparison gives investors a fresh market reference as the financing remains subject to customary closing conditions.

The November 13 closing is the next defined milestone. Investors will also assess how the additional subordinated financing fits with Apollo's capital structure and its planned expansion of the Mubadala relationship.

US equities provide the broader market backdrop for Apollo; see Current S&P 500 market coverage.

For company-specific coverage, see More news and analyses on Apollo Global Management stock.