Apollo Investment Corporation
AINV (the "Company" or "Apollo Investment") announced today it
plans to make a public offering of 18.0 million shares of its common stock.
The Company also plans to grant the underwriters an option to purchase up to
an additional 2.7 million shares of common stock. The offering of the shares
will be made under the Company's shelf registration statement (as amended),
which was filed with, and declared effective by, the Securities and Exchange
Commission.
Apollo Investment expects to use the net proceeds of this offering to repay
certain outstanding indebtedness under its credit facility.
Investors are advised to carefully consider the investment objective, risks,
charges and expenses of Apollo Investment Corporation before investing. The
preliminary prospectus supplement dated May 14, 2013 and the accompanying
prospectus dated September 14, 2012, each of which has been filed with the
Securities and Exchange Commission, contain this and other information about
Apollo Investment and should be read carefully before investing.
BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley, and RBC Capital
Markets are acting as joint book-running managers for this offering.
Barclays and BMO Capital Markets are acting as lead managers for this
offering.
The information in the preliminary prospectus supplement, the accompanying
prospectus and this press release is not complete and may be changed. The
preliminary prospectus supplement, the accompanying prospectus and this
press release are not offers to sell any securities of Apollo Investment and
are not soliciting an offer to buy such securities in any jurisdiction where
such offer and sale is not permitted.
The offering may be made only by means of a preliminary prospectus
supplement and an accompanying prospectus, copies of which may be obtained
from BofA Merrill Lynch, 222 Broadway, New York, NY 10038 Attn: Prospectus
Department email dg.prospectus_requests@baml.com, from Citigroup Global
Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or telephone: 800-831-9146, or email:
batprospectusdept@citi.com; from J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention:
Prospectus Department, or by calling 866-803-9204; and from RBC Capital
Markets at Three World Financial Center, 200 Vesey Street, 8(th) Floor, New
York, NY 10281.
About Apollo Investment Corporation
Apollo Investment Corporation AINV is a closed-end investment
company that has elected to be treated as a business development company
under the Investment Company Act of 1940. The Company provides private debt
market solutions to middle market companies in the form of senior secured,
mezzanine and asset based loans and may also acquire equity interests. The
Company seeks to provide private financing solutions for private companies
that do not have access to the more traditional providers of credit. Apollo
Investment Corporation is managed by Apollo Investment Management, L.P., an
affiliate of Apollo Global Management, LLC, a leading global alternative
investment manager. For more information, please visit
http://www.apolloic.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve risks and uncertainties, including, but not limited to,
statements as to our future operating results; our business prospects and
the prospects of our portfolio companies; the impact of investments that we
expect to make; the dependence of our future success on the general economy
and its impact on the industries in which we invest; the ability of our
portfolio companies to achieve their objectives; our expected financings and
investments; the adequacy of our cash resources and working capital; and the
timing of cash flows, if any, from the operations of our portfolio
companies.
We may use words such as "anticipates," "believes," "expects," "intends, "
"will," "should," "may" and similar expressions to identify forward-looking
statements. Such statements are based on currently available operating,
financial and competitive information and are subject to various risks and
uncertainties that could cause actual results to differ materially from our
historical experience and our present expectations. Undue reliance should
not be placed on such forward-looking statements as such statements speak
only as of the date on which they are made. We do not undertake to update
our forward-looking statements unless required by law.
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