Apollo Investment Corp.(AINV) announced it has priced a public offering of 19.0 million shares of its common stock at a public offering price of $8.60 per share for total gross proceeds of $163.4 million.
The closing of the offering is subject to customary closing conditions and is expected to take place on May 20, 2013.
In connection with the offering, the company has granted the underwriters for the offering a 30-day option to purchase up to an additional 2.85 million shares of common stock.
The company said it expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its credit facility.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.