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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA02586708: Leon Black and Josh Harris (DS11)

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This document contains excerpts from an Apollo Global Management earnings call in which Leon Black, chief of Apollo, discusses U.S. purchase price multiples being close to 2007 levels while European multiples are higher. Co-founder Josh Harris comments on rate hike considerations and notes that most of Apollo's credit assets are in floating-rate securities. The document appears to be a media or financial report covering the earnings call.

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Excerpt 1
* Purchase price multiples in the U.S. are =lose to 2007 levels and in Europe they're higher, says Apollo Global =APO =font color="red">-2.8%) chief **Leon**
Excerpt 2
**Black** on the earnings call.
Excerpt 3
. * Amid ideas of rate hikes, co-founder **Josh** **Harris** says most of Apollo's credit assets are in floating-rate securities, and he would thus welcome higher

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