Apollo Investment Corporation Amends Revolving Credit Facility to Extend Maturity and Increase Commitments
Apr 24 15
Apollo Investment Corporation announced an amended and restated credit facility. Total commitments to the facility increased by $40 million, from $1.27 billion to $1.31 billion. The final maturity of the facility was extended by 20 months from August 2018 to April 2020. In addition, the stated interest rate on the facility was changed from LIBOR plus 2.00% to a formula-based calculation, based on a minimum borrowing base, resulting in a stated interest rate of either LIBOR plus 1.75%, or LIBOR plus 2.00%. As of today, under this formula, the stated interest rate on the facility is LIBOR plus 2.00%. The facility contains an accordion feature whereby it can be expanded by 50% under certain conditions. The facility includes customary covenants, including minimum asset coverage and minimum equity requirements, as well as customary events of default.
Talks To Sell Nova Kreditna Banka Maribor To Apollo Reportedly In Final Stages
Mar 11 15
The agreement for the sale of 100% of Nova Kreditna Banka Maribor d.d. to Apollo Investment Corporation (NasdaqGS:AINV) could be signed by the end of this or early next week.
Apollo Investment Corporation Enters into Agreements with Holders of it's $150 Million Aggregate Principal Amount of 5.25% Notes Due 2024
Mar 9 15
On March 3, 2015, Apollo Investment Corporation (the corporation) entered into agreements with holders of the corporation's $150 million aggregate principal amount of 5.25% Notes due 2024 (the 2024 Notes) to purchase all of the 2024 Notes issued and outstanding. The transactions were completed on March 3, 2015, and the corporation cancelled all of the 2024 Notes.
Apollo Investment Corporation Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015 10:50 AM
Mar 2 15
Apollo Investment Corporation Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015 10:50 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States. Speakers: Edward J. Goldthorpe, President and Chief Investment Officer.
Apollo Investment Corporation Declares Dividend for the Third Quarter Ended December 31, 2014, Payable on April 6, 2015; Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
Feb 5 15
Apollo Investment Corporation announced that its Board of Directors has declared a dividend of $0.20 per share for the third quarter ended December 31, 2014, payable on April 6, 2015 to stockholders of record as of March 20, 2015.
The company reported unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported total investment income of $110,026,000 against $94,561,000 a year ago. Net investment income was $56,662,000 or $0.24 per share against $49,683,000 or $0.22 per share a year ago. Net realized loss was $1,430,000 against net realized gain of $3,667,000 a year ago. Net decrease in net assets resulting from operations was $19,452,000 or $0.09 per diluted share against net increase in net assets resulting from operations of $105,738,000 or $0.45 per diluted share a year ago. The decrease in total investment income quarter-over-quarter was mainly due to lower prepayment income.
For the nine months, the company reported total investment income of $331,516,000 against $284,941,000 a year ago. Net investment income was $175,902,000 against $151,636,000 a year ago. Net realized loss was $3,169,000 against $109,541,000 a year ago. Net increase in net assets resulting from operations was $87,152,000 or $0.36 per diluted share against $200,967,000 or $0.88 per diluted share a year ago.