Apollo Global (APO) Announces 21.1M Common Secondary Offering

Apollo Global Management, LLC (NYSE: APO) announced a public offering for resale of approximately 21.1 million Class A shares owned by its strategic investors and certain of its managing partners, contributing partners and certain employees (collectively, the “Selling Shareholders”). The Selling Shareholders will grant to the underwriters of the offering an option to purchase up to approximately 3.2 million additional Class A shares. Apollo will not receive any of the proceeds from the sale of Class A shares by the Selling Shareholders.

The offering will be made under Apollo’s registration statement on Form S-3 filed with the Securities and Exchange Commission. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. The co-managers for the offering are BofA Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., UBS Securities LLC, Wells Fargo Securities, LLC and Apollo Global Securities, LLC.

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