ATLAS SP Partners Announces $750 Million Note Offering
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NEW YORK, Oct. 14, 2026 /CourierPR/ -- ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds, has announced the pricing of an offering of $750.0 million in aggregate principal amount of 6.250% fixed-to-floating rate senior notes due 2032. The notes, referred to as the "Notes," will be issued by Atlas Warehouse Lending Company, L.P. (AWLC), a wholly owned, investment-grade-rated subsidiary of WHCO Intermediate Holdings L.P. (Atlas Warehouse Company).
The Notes will bear interest at a fixed annual rate of 6.250% from and including the issue date to, but excluding, November 1, 2031 (the "Initial Determination Date"). Interest will be payable semi-annually in arrears on May 1 and November 1 of each year, starting on May 1, 2027. From and including the Initial Determination Date, the Notes will carry a floating annual rate equal to a benchmark rate, based on Compounded SOFR, plus a spread of 2.534% per annum, which includes a floating rate step-up of 1.000%. The floating rate will be payable quarterly on February 1, 2032, May 1, 2032, August 1, 2032, and the maturity date.
AWLC intends to use the net proceeds from the offering to fund assets, pay related fees and expenses, and for general corporate purposes, which may include the repayment of certain of its indebtedness. The offering is expected to close on October 21, 2026, subject to customary closing conditions.
The Notes and the related guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are being sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.
Atlas Warehouse Company, the primary funding entity for ATLAS's broader lending platform, serves as the backbone for ATLAS SP Partners' initiatives. The company is sub-advised by a subsidiary of ATLAS and is responsible for managing the financial operations and strategies that underpin ATLAS SP Partners' activities.