Apollo Asset Management unit enters $1.5 billion revolver

By Wendy Van Sickle

Columbus, Ohio, April 7 – ACMP Holdings LLC, a subsidiary of Apollo Asset Management, Inc., entered into a new $1.5 billion revolving credit agreement maturing on April 1, 2025, according to an 8-K filing with the Securities and Exchange Commission.

The borrower may request that the maturity be extended for two additional 12-month periods.

The amounts borrowed may not exceed 90% of the unfunded capital commitments of the included investors listed in the agreement.

The company may seek additional commitments for a total facility size not to exceed $2 billion.

Sumitomo Mitsui Banking Corp. is the administrative agent and a lead arranger along with Mizuho Bank Ltd.

Borrowings may be used for investment activities, to provide working capital or for other purposes permitted.

Based in New York, Apollo Asset Management is a global alternative investment management firm that invests in credit, private equity, and real assets.

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