Apollo Global to offer senior notes

Apollo has commenced an offering of its senior notes, subject to market and other conditions. The notes will be fully and unconditionally guaranteed by Apollo Asset Management, Inc., 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 XII, L.P., AMH Holdings L.P. and Apollo Management Holdings. Apollo intends to use the proceeds from the offering to repurchase, repay, redeem or otherwise retire in full the $500 million aggregate principal amount outstanding of the 4.000% Senior Notes due 2024 issued by AMH before or upon their maturity and pay related fees and expenses. BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC are acting as joint book-running managers. The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission.