Simpson Thacher advised Apollo Investment Corporation on the deal.
Apollo Investment Corporation completed its offering of $125 million aggregate principal amount of its 4.5% Notes due 2026 the ‘Notes’. The transaction closed on July 16, 2021.
The Company intends to use the net proceeds of the Notes offering to repay a portion of the indebtedness owed under its senior secured credit facility.
Apollo Investment Corporation is a leading specialty finance company that provides customized financing solutions to private middle market companies, primarily in the United States. They are a publicly traded business development company and benefit from their affiliation with Apollo Global Management, Inc., a leading global alternative investment manager.
The Simpson Thacher team included David Blass (Picture), Steven Grigoriou and Eric Jepeal (Registered Funds); and Jonathan Goldstein, Jonathan Cantor and Eli Shalam (Tax).
Involved fees earner: David Blass – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Steven Grigoriou – Simpson Thacher & Bartlett; Eric Jepeal – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: Apollo Investment Corporation;