Apollo Commercial Real Estate Finance, Inc. Announces Placement of Secured Priority Bonds | news



NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) – Apollo Commercial Real Estate Finance, Inc. (The “Company” or “ARI”) (NYSE: ARI) today announced that the Company has begun a $ 400 million private placement. the principal amount of the Senior Secured Notes maturing in 2029 (the “Notes”). The Notes will be the Company’s priority secured obligations and, when issued, will be guaranteed on a secured basis by certain wholly owned subsidiaries of the Company. The interest rate and other terms and conditions of the Notes will be determined at the time the offer price is determined.

ARI intends to use the net proceeds from the placement for general corporate purposes, which may include a temporary reduction in the Company’s borrowing under the Company’s repurchase agreements.

Notes and related guarantees will only be offered to individuals who are reasonably qualified to be qualified institutional purchasers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to non-US citizens outside the United States … in accordance with Regulation S of the Securities Act. The Notes and related guarantees will not be registered under the Securities Act or State Securities Laws and may not be offered or sold in the United States without a valid registration statement or applicable exemption from the registration requirements of the Securities Act or any state. securities laws.

This press release must not constitute an offer to sell or a solicitation to offer to buy any securities, nor is it permitted to sell any securities in any state or other jurisdiction in which such an offer, solicitation or sale would be illegal. before registration. or qualifications under the securities laws of any such state or other jurisdiction.

About Apollo Commercial Real Estate Finance, Inc. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment fund that primarily creates, purchases, invests and manages commercial first mortgages, subordinated financing and other commercial real estate. debt investments related to real estate. The company is outsourced and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a fast-growing global alternative management company with approximately $ 461 billion in assets under management as of March 31. 2021 g.

Additional information can be found on the Company’s website at: www.apolloreit.com

Forward-Looking Statements Certain statements contained in this press release are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Stock Exchange Act 1934, as amended, etc. The statements are intended to use in the safe harbor provided by him. Forward-looking statements involve significant risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company. These forward-looking statements include information on the placement of the Notes, the use of net proceeds from the placement, possible or anticipated future results of the Company’s operations, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words “believe,” “expect,” “expect,” “estimate,” “plan,” “continue,” “intend,” “may,” or similar expressions, are intended to indicate forward-looking statements. Statements on the following issues, among others, may be promising: macro and microeconomic impacts of the COVID-19 pandemic; the severity and duration of the COVID-19 pandemic; actions taken by government agencies to contain the COVID-19 pandemic or eliminate its consequences; the impact of the COVID-19 pandemic on the financial condition, results of operations, liquidity and basic resources of the Company; market trends in the Company’s industry, interest rates, property values, debt securities markets or the economy as a whole; the timing and amount of expected future financing of unfunded liabilities; return on equity; return on investment; the ability to borrow to finance assets; the Company’s ability to use the proceeds from its capital increase or acquire target assets; and the risks associated with investing in real estate, including changes in the business environment and the economy as a whole. For an additional list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. Forward-looking statements and other risks, uncertainties and factors are based on the beliefs, assumptions and expectations of the Company regarding its future results, taking into account all the information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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