Convertibles Calendar: Apollo on tap

Aug. 8:

APOLLO GLOBAL MANAGEMENT INC.

• $1 billion three-year $50-par series A mandatory convertible preferred stock

• $150 million greenshoe

• Dividend of 6.5% to 7% and an initial conversion premium of 17.5% to 22.5%

• SEC registered

• Goldman Sachs & Co. LLC (lead left), Morgan Stanley & Co. LLC and Wells Fargo Securities LLC

• Proceeds to accelerate growth of the company’s retirement services business

• New York-based private equity firm

© 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.