Apollo Mulls $200M Equity Raise To Expand Footprint

Law360, New York (February 8, 2012, 4:55 PM EST) -- Apollo Investment Corp. is shaking things up in 2012 as it contemplates raising up to $200 million of additional equity capital and welcomes a new president to help the firm expand its footprint, the firm announced Wednesday.

Apollo's board has authorized its managers to explore a possible equity-raising deal, which could be conducted as a stock sale or rights offer, according to the fourth-quarter 2011 report Apollo issued Wednesday.

New York-based Apollo has net assets of $1.6 billion under management, according to the quarterly report....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.