Apollo Investment raises $107.8M in stock offering

AP News
Posted: Dec 15, 2009 5:34 PM

Apollo Investment Corp. said Tuesday it has completed its public stock offering, raising $107.8 million to be used to fund new investments, repay debt and for general corporate purposes.

The business development company said it sold a total of 11.5 million shares from the offering, including an overallotment option exercised by the offering's underwriters.

Shares of Apollo fell 21 cents, or 2.2 percent, to close at $9.50.