Apollo Debt Solutions BDC reports NAV $23.82, Q1 originations $473M, yield up to 10.8%

On April 14, 2023, the Board approved an amendment and restatement of the Fund’s Amended and Restated Bylaws (the “Second Amended and Restated Bylaws”). The Fund adopted the Second Amended and Restated Bylaws as a result of comments issued by state securities regulators in connection with their annual review of the Fund’s offering. The Second Amended and Restated Bylaws, among other things: (1) clarifies that the Fund will hold annual meetings of its shareholders; and (2) revises provision related to contested election where no trustee receives sufficient votes to be elected. The Second Amended and Restated Bylaws became effective immediately.

On April 14, 2023, the Board of Trustees (the “Board”) of Apollo Debt Solutions BDC (the “Fund”) approved an amendment and restatement of the Fund’s Second Amended and Restated Declaration of Trust (the “Third Amended and Restated Declaration of Trust”). The Fund adopted the Third Amended and Restated Declaration of Trust as a result of comments issued by state securities regulators in connection with their annual review of the Fund’s offering. The Third Amended and Restated Declaration of Trust, among other things: (1) clarifies that each trustee will serve for a fixed three-year term; (2) provides that shareholders have the ability to challenge actions taken by the Board; and (3) provides that any amendments to revise the Bylaws that would alter the voting rights of shareholders need to be approved by a majority vote of the Fund’s shareholders. The Third Amended and Restated Declaration of Trust became effective immediately.