Key Developments For Apollo Investment Corporation
Apollo Investment Corporation (AINV.O) (Nasdaq)
Apollo Investment Corp. Announces Quarterly Dividend Of $0.28
Apollo Investment Corp. announced that its Board of Directors has declared its third fiscal quarter 2010 dividend of $0.28 per share, payable on January 5, 2010 to stockholders of record as of December 17, 2009.
Apollo Investment Corp. Closes Public Offering of Common Stock Including Over-Allotment Option
Apollo Investment Corp. announced the closing of its public offering of common stock. In connection with the closing, the underwriters exercised their over-allotment option and purchased an additional 2.7 million shares of the Company's common stock at $8.75 per share. With the exercise of the over-allotment option, a total of 20.7 million shares of common stock were sold in the offering. The Company raised approximately $173.0 million in net proceeds after deducting underwriting discounts and commissions. The Company expects to use the net proceeds of this offering to fund new investments, repay outstanding indebtedness and for general corporate purposes.
Apollo Investment Corp. Prices Public Offering Of Common Stock
Apollo Investment Corp. announced that it has priced its public offering of 18 million shares of its common stock at an offering price of $8.75 per share, raising $157.5 million of gross proceeds. The Company has granted the underwriters an option to purchase up to an additional 2.7 million shares to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on August 18, 2009. The Company expects to use the net proceeds of this offering to fund new investments, repay outstanding indebtedness and for general corporate purposes. Citi, BofA Merrill Lynch, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC are joint bookrunning managers for the offering. SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp., RBC Capital Markets Corporation and Keefe, Bruyette & Woods, Inc. are co-managers.
Apollo Investment Corp. Announces Public Offering
Apollo Investment Corp. announced that it plans to make a public offering of 15,000,000 shares of its common stock. The Company plans to also grant the underwriters an option to purchase up to an additional 2,250,000 shares of common stock to cover over-allotments, if any. The offering price of the shares, subject to approval of the Company's Board or its Pricing Committee, will be determined by market conditions at the time of pricing in consultation with the underwriters of the offering. The offering of the shares will be made under the Company's shelf registration statement filed with the Securities and Exchange Commission. The Company expects to use the net proceeds of this offering to repay outstanding indebtedness, to fund investments in portfolio companies and for general corporate purposes. Citi, BofA Merrill Lynch, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC are joint bookrunning managers for the offering. SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp., RBC Capital Markets Corporation and Keefe, Bruyette & Woods, Inc. are co-managers.
Apollo Investment Corp. Increases Quarterly Dividend
Apollo Investment Corp. announced that its Board of Directors has declared its second fiscal quarter 2010 dividend of $0.28 per share, payable on October 1, 2009 to stockholders of record as of September 17, 2009.
