Apollo Global Management, LLC (NYSE:APO) Files An 8-K Other Events
Item8.01
| Other Events. |
| A. | Launch Press Release |
On February28, 2017, Apollo Global Management, LLC (Apollo),
issued a press release announcing it intends to offer, subject to
market and other conditions, preferred shares (the preferred
shares). Apollo intends to contribute the net proceeds from the
sale of the preferred shares for general corporate purposes to
its indirect subsidiaries, Apollo Principal Holdings I, L.P.,
Apollo Principal Holdings II, L.P., Apollo Principal Holdings
III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal
Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo
Principal Holdings VII, L.P., Apollo Principal Holdings VIII,
L.P., Apollo Principal Holdings IX, L.P., Apollo Principal
Holdings X, L.P., Apollo Principal Holdings XI, LLC, Apollo
Principal Holdings XII, L.P. and AMH Holdings (Cayman), L.P. A
copy of the press release is attached hereto as Exhibit 99.1 and
is incorporated by reference herein.
Merrill Lynch, Pierce, Fenner Smith Incorporated, Morgan Stanley
Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC are
acting as joint book-running managers for the offering.
The information under the heading A. Launch Press Release of this
Item 8.01, including Exhibit 99.1, is deemed furnished and not
filed under Section18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the liability
of that section, and shall not be incorporated by reference into
any registration statement or other document filed under the
Securities Act or the Exchange Act, except as shall be expressly
set forth by specific reference in such filing.
| B. | Exhibit 12.1 |
In connection with the offering of the preferred shares, Apollo
is filing as Exhibit 12.1 hereto the computation of Apollos ratio
of earnings to fixed charges for the periods presented in Apollos
prospectus supplement, dated February28, 2017, to the shelf
registration statement on Form S-3 (Registration
No.333-211225) filed with the Securities and Exchange Commission
on May9, 2016 (the Registration Statement). Such information is
hereby incorporated by reference into the Registration
Statement.
| Item9.01 | Financial Statements and Exhibits |
(d)
Exhibits
|
Exhibit No. |
Description |
|
| Exhibit12.1 | Computation of Ratio Earnings to Fixed Charges | |
| Exhibit 99.1 |
Press Release of Apollo Global Management, LLC, dated February28, 2017 |
The information in
this Current Report on Form 8-K, including Exhibit 99.1, may
contain forward looking statements that are within the meaning of
Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These statements include, but are not limited to, discussions
related to Apollos expectations regarding the performance of its
business, its liquidity and capital resources and the other
non-historical statements in the discussion and analysis. These
forward-looking statements are based on managements beliefs, as
well as assumptions made by, and information currently available
to, management. When used in this Current Report on Form 8-K, the
words believe, anticipate, estimate, expect, intend and similar
expressions are intended to identify forward-looking statements.
Although management believes that the expectations reflected in
these forward-looking statements are reasonable, it can give no
assurance that these expectations will prove to have been
correct. These statements are subject to certain risks,
uncertainties and assumptions, including risks relating to our
dependence on certain key personnel, our ability to raise new
private equity, credit or real estate funds, market conditions,
generally, our ability to manage our growth, fund performance,
changes in our regulatory environment and tax status, the
variability of our revenues, net income and cash flow, our use of
leverage to finance our businesses and investments by our funds
and litigation risks, among others. We believe these factors
include but are not limited to those described under the section
entitled Risk Factors in Apollos annual report on Form 10-K for
the fiscal year ended December31, 2016 filed with the Securities
and Exchange Commission (the SEC) on February13, 2017, as such
factors may be updated from time to time in our periodic filings
with the SEC, which are accessible on the SECs website at
www.sec.gov. These factors should not be construed as exhaustive
and should be read in conjunction with the other cautionary
statements that are included in this Current Report on Form 8-K
and in other filings. We undertake no obligation to publicly
update or review any forward-looking statements, whether as a
result of new information, future developments or otherwise,
except as required by applicable law. This Current Report on Form
8-K does not constitute an offer of Apollo or any Apollo
fund.
About Apollo Global Management, LLC (NYSE:APO)
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company operates through three segments: Private equity, Credit and Real estate. The Private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt instruments. The Credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed instruments across the capital structure. The Real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities. Apollo Global Management, LLC (NYSE:APO) Recent Trading Information
Apollo Global Management, LLC (NYSE:APO) closed its last trading session down -0.16 at 22.21 with 2,018,497 shares trading hands.
