---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-041418"
form_type: "8-K"
ticker: null
cik: "0001837532"
company_name: "Apollo Debt Solutions BDC"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:20:05.619197+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Apollo Debt Solutions BDC ups Merlin Funding credit facility to $300M from $187.5M

## Summary
- Third Amendment to Credit Agreement dated Feb 16, 2024 increases max borrowing to $300M.
- Post-Pricing Date, maximum can reach $450M if subordinated notes exceed $15M.
- Facility used to purchase broadly syndicated corporate loans for future CLO securitization.
- Apollo Debt Solutions BDC remains subordinated lender and warehouse collateral manager.

## SEC filing metadata
- accession: 0001193125-24-041418
- form_type: 8-K
- cik: 0001837532
- company_name: Apollo Debt Solutions BDC
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837532/000119312524041418/0001193125-24-041418-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837532/000119312524041418/d677395d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-041418
- JSON: https://secwatch.observer/filing/0001193125-24-041418.json
- Plain text: https://secwatch.observer/filing/0001193125-24-041418.txt

## Key facts
- Debt Financings
  Apollo Debt Solutions BDC amended credit facility of $300,000,000 with Morgan Stanley Senior Funding, Inc..
  - Instrument: credit facility
  - Principal: $300,000,000
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Event: amendment
  source text: the maximum principal amount which can be drawn upon by Merlin Funding subject to certain conditions in the Merlin Funding Credit Agreement, was increased from $187,500,000 to $300,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837532/000119312524041418/0001193125-24-041418-index.htm
- Material Agreements
  Apollo Debt Solutions BDC entered into Merlin Funding Credit Agreement with Morgan Stanley Senior Funding, Inc. (effective 2023-10-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Effective: 2023-10-06
  source text: On October 6, 2023, 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, account bank and collateral custodian.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837532/000119312524041418/0001193125-24-041418-index.htm
- Material Agreements
  Apollo Debt Solutions BDC amended Third Amendment to Merlin Funding Credit Agreement with Morgan Stanley Senior Funding, Inc. valued at $187,500,000 to $300,000,000 (effective 2024-02-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Value: $187,500,000 to $300,000,000
  - Effective: 2024-02-16
  source text: On February 16, 2024, Merlin Funding, as borrower, the Company, in its capacities as subordinated lender and warehouse collateral manager, and the Administrative Agent entered into a third amendment to the Merlin Funding Credit Agreement (the “Third Amendment to Merlin Funding Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837532/000119312524041418/0001193125-24-041418-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.