secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Debt Solutions BDC (—)
CIK:        0001837532
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001193125-23-255097
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo Debt Solutions BDC establishes $80M warehouse facility for CLO ramp-up, expandable to $450M
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- Merlin Funding LLC, wholly-owned subsidiary of Apollo Debt Solutions BDC, entered into $80M credit agreement (expandable to $450M) with Morgan Stanley and Deutsche Bank.
- Facility bears interest at Term SOFR + 1.60% (step-up to 2.40% after 2.5 years).
- Proceeds used to acquire first-lien broadly syndicated corporate loans to collateralize a future CLO.
- Apollo Debt Solutions BDC serves as warehouse collateral manager without fee.
- Maturity three years after closing; committed period ends after two years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837532/000119312523255097/0001193125-23-255097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837532/000119312523255097/d566426d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-255097

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