NEW YORK--(BUSINESS WIRE)--On August 23, 2016, affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) determined to further extend the offering period of Apollo’s previously announced cash tender offer to purchase all of the outstanding shares of common stock of Diamond Resorts International, Inc. for a period of four (4) business days. The tender offer, as previously extended, was scheduled to expire at 5:00 P.M., New York City time, on August 24, 2016. The expiration date of the tender offer is extended to 5:00 P.M., New York City time on August 30, 2016, unless further extended.

Continental Stock Transfer & Trust Company, the depositary for the tender offer, has advised Apollo that, as of 5:00 P.M., New York City time, on August 23, 2016, 41,066,105 shares of common stock of Diamond Resorts were tendered pursuant to the tender offer, which represented approximately 58.88% of the outstanding shares of common stock of Diamond Resorts. Stockholders who have already tendered their shares of common stock of Diamond Resorts do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer.

Okapi Partners LLC is the Information Agent for the tender offer and any questions or requests for the Offer to Purchase and related materials with respect to the tender offer may be directed to them, toll-free at (877) 629-6357.

About Apollo

Apollo (NYSE: APO) is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Singapore, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $186 billion as of June 30, 2016, in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.