What specific purposes will the proceeds be used for—e.g., acquisitions, debt repayment, or general corporate purposes?

Based on the excerpt you provided, the GlobeNewswire release only tells us that Apollo Global Management priced a $500 million offering of 5.150 % Senior Notes due 2035. The summary does not include any language describing how Apollo intends to use the net proceeds from the notes (e.g., for acquisitions, repayment of existing debt, refinancing, general corporate purposes, or any combination thereof).

In a typical senior‑note issuance, the prospectus or accompanying press release will contain a “Use of Proceeds” paragraph that outlines the issuer’s planned allocation of the funds. Since that portion is absent from the excerpt you shared, we cannot definitively answer what specific purposes Apollo has earmarked for the proceeds.

What you can do next

1. Review the full press release – The complete GlobeNewswire announcement (or the accompanying Form 8‑K/SEC filing) usually contains a detailed “Use of Proceeds” section.
   
2. Check Apollo’s filing with the SEC – Look for the official offering memorandum or the registration statement (Form S‑1, S‑3, etc.) that was filed with the SEC for this note offering. Those documents must disclose how the proceeds will be used.
   
3. Contact Investor Relations – If the public documents are still pending, Apollo’s investor‑relations team can often provide a brief summary of the intended use of the capital.

Until the full documentation is consulted, we can only state that the provided summary does not specify the allocation of the $500 million proceeds.