Apollo Investment Corporation is business development company and operates as a closed-end management investment company. The company invests in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The company may also invest in public companies that are thinly traded and may acquire investments in the secondary market. It prefers to invest in warrants, makes equity co-investments, and may also invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or ...
9 West 57th Street
New York, NY 10019
Founded in 2004
Apollo Investment Corporation Declares Dividend for the Fourth Quarter Ended March 31, 2015, Payable on July 6, 2015; Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015
May 19 15
Apollo Investment Corporation announced that its board of directors has declared a dividend of $0.20 per share for the fourth fiscal quarter of 2015, payable on July 6, 2015 to stockholders of record as of June 19, 2015.
The company reported earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net investment income of $52,071,000 compared to $49,612,000, net realized and unrealized loss of $63,800,000 compared to net realized and unrealized gain of $20,293,000, net decrease in net assets from operations of $11,729,000 compared to net increase in net assets from operations of $69,905,000, net investment income per share of $0.22, net realized and unrealized loss per share of $0.27, diluted loss per share of $0.05 compared to diluted earnings per share of $0.30 per a year ago.
For the year, the company reported net investment income of $227,973,000 compared to $201,248,000, net realized and unrealized loss of $152,551,000 compared to net realized and unrealized gain of $69,624,000, net increase in net assets from operations of $75,422,000 compared to $270,872,000, net investment income per share of $0.96, net realized and unrealized loss per share of $0.64, basic and diluted earnings per share of $0.32 compared to $1.18 a year ago. Net asset value per share at the end of the year was $8.18, compared to $8.67 at March 31, 2014, a decline of 5.7%.
Apollo Investment Corporation Presents at SunTrust Robinson Humphrey Financial Services Conference 2015, May-20-2015
May 14 15
Apollo Investment Corporation Presents at SunTrust Robinson Humphrey Financial Services Conference 2015, May-20-2015 . Venue: New York Palace, 455 Madison Avenue, New York, NY10022, United States.
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.