Apollo Investment expected to list on NYSE as soon as Wednesday

By Stephanie N. Rotondo

Phoenix, June 25 - Apollo Investment Corp.'s $135 million of 6.875% $25-par senior notes due 2043 could hit the New York Stock Exchange on Wednesday, according to a trader.

The issue priced June 10. The expected ticker symbol is "AIY."

Morgan Stanley & Co. LLC, BofA Merrill Lynch and UBS Securities LLC were the deal's joint bookrunning managers.

Interest is payable on the 15th day of January, April July and October, beginning July 15. The notes can be redeemed beginning July 15, 2018 at par plus accrued interest.

The New York-based closed-end, externally managed non-diversified investment company will use funds raised in the offering to repay debt under a senior secured facility.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.