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Apollo to Provide USD $500 Million Hybrid Capital Solution to Aldar in Fourth Transaction
APOApollo Management(APO) Newsfilter·2025-01-31 13:00

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced an agreement for Apollo-managed affiliates, funds and clients to invest USD 500millioninSubordinatedNotesissuedbyAldarPropertiesPJSC("Aldar").Thetransactionrepresentsoneoftheregion′slargest−evercorporatehybridprivateplacementsandbringsaggregateinvestmentinAldarledbyApollotoapproximatelyUSD500 million in Subordinated Notes issued by Aldar Properties PJSC ("Aldar"). The transaction represents one of the region's largest-ever corporate hybrid private placements and brings aggregate investment in Aldar led by Apollo to approximately USD 1.9 billion across four transactions since 2022. Apollo Partner Jamshid Ehsani said, "We are pleased to bro ...