From: Richard Kahn To: Jeffrey Epstein <[email protected]> Subject: Fwd: New Issue $25 Par: Apollo Global Management, LLC (APO) Perpetual Preferred Stock; 6.375% - 6.50%; Fixed-for-Life Date: Tue, 28 Feb 2017 16:26:19 +0000 Attachments: 139666_003_web_bmk.pdf Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York NY 10022 Phone Fax Cell Begin forwarded message: From: "Atlas, Andrew S" Date: February 28, 2017 at 11:18:42 AM EST To: "Richard Kahn ( " Subject: New Issue $25 Par: Apollo Global Management, LLC (APO) Perpetual Preferred Stock; 6.375% - 6.50%; Fixed-for-Life Hi Rich, I hope all is well. Morgan Stanley is pricing an Apollo Global new issue $25 par preferred today. Expected ratings are BBB+ / BBB and price talk is 6.375% - 6.50%. Here are details: $25 Par New Issue Syndicate Offering: Apollo Global Management, LLC (APO) Issuer: Apollo Global Management, LLC (Ticker: APO) Securities Offered: Series A Preferred Shares Size: $150mm (6mm $25 par securities) Expected Ratings: BBB+ / BBB (S&P / Fitch) Format: SEC Registered Maturity: Perpetual Price Guidance: 6.375% - 6.50% (fixed-for-life) Offer Price: $25 per security EFTA00685853