secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Debt Solutions BDC (—)
CIK:        0001837532
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001193125-24-041418
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837532/000119312524041418/0001193125-24-041418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837532/000119312524041418/d677395d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-041418

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer