Apollo Launches $45M Senior Secured Notes Offering

Law360, New York (October 5, 2011, 4:20 PM EDT) -- Apollo Investment Corp. on Wednesday announced a private placement issuance of $45 million in senior secured notes to new and existing lenders, with the proceeds to go toward funding new portfolio investments and reducing outstanding borrowings on its revolving credit facility.

The new notes consist of $29 million in five-year notes with a fixed interest rate of 5.875 percent and a Sept. 29, 2016, maturity date, and $16 million in seven-year notes with a fixed interest rate of 6.25 percent and a Sept. 29, 2018, maturity...
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