Athene Holding Ltd. Rate Reset Junior Subordinated Debentures due 03/30/2064 (ATHS)
NYSE · · CUSIP 04686J838
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Security Details

Coupon Rate
7.25%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
3/30/2029
Maturity Date
3/30/2064
Distribution Period
Q
Rate Type
Reset Rate
Annual Distribution
1.8125
Distribution Dates
3/30, 6/30, 9/30 & 12/30
Credit Ratings
Moody's Baa2 · S&P BBB (3/1/2024)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
04686J838
IPO
3/1/2024 · $25/share
Parent Company
Apollo Global Management, Inc. (APO)
Business: Athene Holding Ltd 7.250% Fixed-Rate Reset Junior Subordinated Debentures due 2064 redeemable at the issuer's option on or after 03/30/2029 at $25 per note plus accrued and unpaid interest, and maturing 03/30/2064.<p> Interest distributions of the Annual Fixed Interest Rate will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on 3/15, 6/15, 9/15 & 12/15 prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 7.25% until the first redemption date, then it will be equal to the sum of the Five-Year U.S. Treasury Rate on the applicable fixed rate calculation date plus 2.986%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details).<p> The issuer may elect to defer the interest payable on the Notes on one or more occasions for up to 60 consecutive months (see prospectus for further information). <p> This security is possibly subject to an early call before 03/30/2029 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 90 days of a tax event; before 03/30/2029 at $25.50 (102%) of their principal amount plus accrued and unpaid interest within 90 days of the occurrence of a rating agency event (see prospectus for further information). <p> This security was rated as Baa2 by Moody’s and BBB by S&P at the date of its IPO. This security was rated as BBB- by Fitch Ratings Co. at the date of its IPO. The Debentrues are unsecured, junior subordinated obligations of the company and are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, junior to unsecured, subordinated indebtedness of the company and will rank equally with all existing and future unsecured, junior subordinated of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: TheJ unior Subordinated Debentures were issued on 02/29/2024 and are expected to begin trading on the NYSE within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.

Company Contact

CEO
James R. Belardi
CFO
Martin P. Klein
Headquarters
9 West 57th Street, 43rd Floor, New York, NY 10019
Phone
212-515-3200
Investor Relations
Noah Gunn · 212-822-0540 · IR@apollo.com
SEC EDGAR Filings
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