Apollo Debt Solutions BDC: debt financing — Apollo Debt Solutions BDC subsidiary enters $160M credit facility with Bank of America for CLO ramp-up

Apollo Debt Solutions BDC

Maximum facility amount $160M, expandable to $360M after CLO pricing date.
Interest rate: SOFR + 1.15% for first year, then SOFR + 1.65%.
Maturity two years from March 25, 2025; proceeds to acquire eligible corporate loans.
Company serves as collateral manager and retains residual interest via subordinated notes.
Warehouse facility intended to build collateral for a future collateralized loan obligation.

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 credit facility of $160 million with Bank of America, N.A. at Daily SOFR plus a spread of (x) prior to and excluding the 12-month anniversary maturing the date which is two years after the Closing Date.

Instrument: credit facility
Principal: $160 million
Counterparty: Bank of America, N.A.
Rate: Daily SOFR plus a spread of (x) prior to and excluding the 12-month anniversary
Maturity: the date which is two years after the Closing Date
Event: incurrence

Exact text from the filing

principal amount of the Barn Owl Funding Credit Agreement, which can be drawn upon by Barn Owl Funding subject to certain conditions in the Barn Owl Funding Credit Agreement, is $160 million as of the Closing Date, and can be increased up to $360 million following the pricing date of the Barn Owl Funding Debt Securitization. The Barn Owl Funding Credit Agreement

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-25-067105

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.