Apollo Debt Solutions BDC: debt financing — Apollo Debt Solutions BDC subsidiary enters $350M warehouse credit facility with BNP Paribas for CLO securitization

Apollo Debt Solutions BDC

Bluejay Funding LLC, a wholly-owned subsidiary, entered a $350M revolving credit facility on Feb 18, 2025.
Facility has a 2-year draw period and matures in 4 years; interest at Term SOFR + 1.65% initially, then 2.65%.
Proceeds used to acquire first-lien corporate loans from Apollo Debt Solutions BDC for a future CLO.
Apollo Debt Solutions BDC acts as collateral manager and retains residual interest in Bluejay Funding.
Facility secured by Bluejay Funding's assets; BNP Paribas serves as administrative agent and a lender.

Key facts

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 revolving credit of $350 million with BNP Paribas at Term SOFR plus a spread of (x) to and excluding the 24-month anniversary of the maturing the date which is four years after the Closing Date.

Instrument: revolving credit
Principal: $350 million
Counterparty: BNP Paribas
Rate: Term SOFR plus a spread of (x) to and excluding the 24-month anniversary of the
Maturity: the date which is four years after the Closing Date
Event: incurrence

Exact text from the filing

The maximum principal amount of the Bluejay Funding Credit Agreement, which can be drawn upon by Bluejay Funding subject to certain conditions in the Bluejay Funding Credit Agreement, is $350 million as of the Closing Date

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Source: SEC EDGAR

accession 0001193125-25-031997

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