Apollo Global to repay outstanding term loan debt via note proceeds

By Tali Rackner

Minneapolis, March 8 – Apollo Global Management, LLC plans to repay the outstanding term loan facility under its existing credit agreement using the net proceeds from a new senior note offering and cash on hand, according to a press release.

Any remaining proceeds will be used for general corporate purposes, the company said.

Apollo is a New York-based alternative investment manager.

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