Apollo Debt Solutions BDC: debt financing — Apollo Debt Solutions BDC closes $496M CLO backed by first-lien loans

Apollo Debt Solutions BDC

Issued notes and loans totaling $496M, with AAA-rated tranches paying SOFR+1.67% and SOFR+1.90%.
Company retained 100% of Class B ($40M), Class C ($30M), and $86M subordinated notes.
Proceeds will be used to purchase first-lien commercial loans from the company via loan sale agreement.
Collateral management fee set at 0.0% per annum; debt matures July 2037 (secured) / July 2125 (subordinated).
Securitization executed through subsidiary ADL CLO 1 LLC with BNP Paribas as initial purchaser.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Apollo Debt Solutions BDC incurred credit facility of $496,000,000 with BNP Paribas Securities Corp. maturing July 15, 2037.

Instrument: credit facility
Principal: $496,000,000
Counterparty: BNP Paribas Securities Corp.
Maturity: July 15, 2037
Event: incurrence

Exact text from the filing

ng Date and in connection with the 2025 Debt Securitization, ADL CLO 1 LLC (the “CLO Issuer”), an indirect, wholly-owned, consolidated subsidiary of the Company, entered into a Purchase and Placement Agreement (the “CLO Purchase and Placement Agreement”) with BNP Paribas Securities Corp., as the initial purchaser (the “Initial Purchaser”) and Apollo Global Securities, LLC, as co-placement agent, pursuant to which the CLO Issuer agreed to sell certain of the notes to the Initial Purchaser issued as part of the 2025 Debt Securitization pursuant to an indenture by and between the CLO Issuer and U.S.

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Source: SEC EDGAR

accession 0001193125-25-132140

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