Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Apollo Debt Solutions BDC incurred credit facility of $80 million with Morgan Stanley Senior Funding, Inc., as administrative agent and as a lender, and Deutsche Bank National Trust Company, as collateral agent at Term SOFR plus a spread of (x) to and excluding October 6, 2025, 1.60%, (y) from maturing October 6, 2026.
- Instrument
- credit facility
- Principal
- $80 million
- Counterparty
- Morgan Stanley Senior Funding, Inc., as administrative agent and as a lender, and Deutsche Bank National Trust Company, as collateral agent
- Rate
- Term SOFR plus a spread of (x) to and excluding October 6, 2025, 1.60%, (y) from
- Maturity
- October 6, 2026
- Event
- incurrence
Exact text from the filing
principal amount of the Merlin Funding Credit Agreement , which can be drawn upon by Merlin Funding subject to certain conditions in the Merlin Funding Credit Agreement, is $ 80 million as of the Closing Date, and can be increased up to $ 450 million following the pricing date of the Merlin Funding Debt Securitization. The Merlin Funding Credit Agreement
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Apollo Debt Solutions BDC entered into Merlin Funding Credit Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent and as a lender, and Deutsche Bank National Trust Company, as collateral agent valued at $80 million (effective 2023-10-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc., as administrative agent and as a lender, and Deutsche Bank National Trust Company, as collateral agent
- Value
- $80 million
- Effective
- 2023-10-06
Exact text from the filing
On October 6, 2023 (the “Closing Date”), Merlin Funding LLC (“Merlin Funding”), a Delaware limited liability company and newly formed wholly-owned subsidiary of Apollo Debt Solutions BDC, a Delaware statutory trust (the “Company” or “us”), entered into a credit agreement (the “Merlin Funding Credit Agreement”), with Merlin Funding, as borrower, the Company, in its capacity as subordinated lender, the lenders from time to time parties thereto, Morgan Stanley Senior Funding, Inc., as administrative agent (in such capacity, the “Administrative Agent”) and as a lender, and Deutsche Bank National Trust Company, as collateral agent (in such capacity, the “Collateral Agent”), account bank and collateral custodian.
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