secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Debt Solutions BDC (—)
CIK:        0001837532
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0001193125-25-031997
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo Debt Solutions BDC subsidiary enters $350M warehouse credit facility with BNP Paribas for CLO securitization
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837532/000119312525031997/0001193125-25-031997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837532/000119312525031997/d932563d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-031997

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