Material Agreement Form 8 K

On October 10, 2024, Apollo Global Management, Inc. (the "Company") issued $500,000,000 aggregate principal amount of its 6.000% Fixed-Rate Resettable Junior Subordinated Notes due 2054 (the "Notes") pursuant to a previously announced underwritten public offering (the "Offering"). The Notes were issued pursuant to an indenture, dated as of October 10, 2024 (the "Indenture"), among the Company, each of the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee. The Indenture is filed as Exhibit 4.1 hereto and is incorporated by reference herein.

The Notes will bear interest at a fixed rate of 6.000% per year until December 15, 2034 (the "First Reset Date"). On and after the First Reset Date, the interest rate on the Notes for each Reset Period (as defined in the Indenture) will be equal to the Five-Year U.S. Treasury Rate (as defined in the Indenture) as of the most recent Reset Interest Determination Date (as defined in the Indenture) plus a spread of 2.168%. Subject to the Company's right to defer the payment of interest, interest on the Notes will be payable semi-annually in arrears on June 15 and December 15 of each year, commencing on June 15, 2025.

The Company intends to use the proceeds from the Offering for general corporate purposes, including to redeem in full the $300,000,000 aggregate principal amount outstanding of Apollo Management Holdings, L.P.'s 4.950% Fixed-Rate Resettable Subordinated Notes due 2050 (the "2050 Subordinated Notes") and to pay related fees and expenses in connection with the Offering and the redemption of the 2050 Subordinated Notes. The information contained in this Current Report on Form 8-Kdoes not constitute a notice of redemption with respect to the 2050 Subordinated Notes.

The Notes were sold pursuant to an effective automatic shelf registration statement on Form S-3(the "Registration Statement") (File No. 333-271275)filed with the U.S. Securities and Exchange Commission (the "SEC") on April 14, 2023. The terms of the Offering are described in a Prospectus dated April 14, 2023, as supplemented by a Prospectus Supplement dated October 3, 2024. The closing of the sale of the Notes occurred on October 10, 2024.