Apollo Commercial Real Estate Finance, Inc. Announces Pricing of $500 Million of Senior Secured Notes

NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) – Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE: ARI) announced today that it has announced a private offer totaling $ 500 million Amount of 4.625% Senior Secured Notes due 2029 (the “Notes”), an increase of $ 100 million over the previously announced size of the offering. The sale of the Notes is expected to be completed on or about June 29, 2021, subject to customary closing conditions. The Notes are the Company’s senior secured debt and are guaranteed on a secured basis upon issue by certain wholly owned subsidiaries of the Company.

ARI intends to use the net proceeds of the Offering for general corporate purposes, including temporarily reducing borrowings under the Company’s repurchase agreements.

The Notes and related warranties are only offered to persons who are reasonably believed to be qualified institutional buyers in reliance on Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and non- US persons outside of the United States under Regulation S of the Securities Act. The Notes and associated guarantees will not be registered under the Securities Act or any 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 does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will any sale of securities be made in any state or other jurisdiction in which such offer, solicitation or sale prior to registration would be unlawful or qualification under the securities laws of 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 trust that primarily creates, acquires, invests, and manages commercial first mortgage loans, subordinated finance, and other commercial real estate-related debt investments. The company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a high-growth global alternative asset manager with approximately $ 461 billion in assets under management as of Jan. 2021.

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For more information, please visit the company’s website at www.apolloreit.com.

Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe haven it provides . Forward-looking statements are subject to significant risks and uncertainties, many of which are difficult to predict and generally are beyond the control of the company. These forward-looking statements include information about the offering of the Notes, the use of the net proceeds from the offering, possible or anticipated future results of operations, financial condition, liquidity, results of operations, plans and objectives of the company. The words believe, expect, anticipate, estimate, plan, continue, intend, should, can, or similar expressions used in this press release are intended to identify forward-looking statements. Statements on the following topics, among others, may be forward-looking: macro and microeconomic effects of the COVID-19 pandemic; the severity and duration of the COVID-19 pandemic; Actions by government agencies to contain the COVID-19 pandemic or address its effects; the impact of the COVID-19 pandemic on the company’s financial position, operating results, liquidity and capitalization; Market trends in the company’s industry, interest rates, property values, the debt markets, or the general economy; Timing and amount of expected future funding of unfunded obligations; the return on equity; the return on investment; the ability to borrow to finance assets; the company’s ability to use the proceeds of its capital increases or to acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of these risks and uncertainties, see the company’s filings with the Securities and Exchange Commission. The forward-looking statements and other risks, uncertainties and factors are based on the company’s beliefs, assumptions and expectations regarding its future performance, taking into account all 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 as a result of new information, future events or for any other reason, except as required by law.

CONTACT:
Hilary Ginsberg
Investor Relations
(212) 822-0767