NEW YORK, July 09, 2021 (GLOBE NEWSWIRE) — Apollo Investment Corporation (NASDAQ: AINV) announced today that it has priced an underwritten public offering of $125 million in aggregate principal amount of 4.500% notes due 2026. The Notes will mature on July 16, 2026 and may be redeemed in whole or in part at the Company’s option at any time at par plus a “make-whole” premium, if applicable. The Notes will bear interest at a rate of 4.500% per year payable semi-annually on January 16 and July 16 of each year, with the first interest payment due on January 16, 2022.
BofA Securities, Inc. is acting as sole book-running manager. Goldman Sachs & Co. LLC and MUFG are acting as joint lead managers for this offering. Apollo Global Securities, Barclays, BMO Capital Markets, Citigroup, Credit Suisse, Deutsche Bank, Keefe, Bruyette & Woods, A Stifel Company, Mizuho Securities, Natixis, RBC Capital Markets, Santander and Truist Securities are acting as co-managers in this offering. The offering is expected to close on July 16, 2021, subject to customary closing conditions.
About Apollo Investment Corporation
Apollo Investment Corporation (NASDAQ: AINV) is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments, and/or equity in private middle-market companies. The Company may also invest in the securities of public companies and structured products and other investments such as collateralized loan obligations and credit-linked notes. The Company seeks to provide private financing solutions for private companies that do not have access to the more traditional providers of credit. Apollo Investment Corporation is managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $461 billion of assets under management as of March 31, 2021. For more information, please visit www.apolloic.com.
