secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Debt Solutions BDC (—)
CIK:        0001837532
Form:       8-K
Filed at:   2025-05-30T23:59:59+00:00
Accession:  0001193125-25-132140
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo Debt Solutions BDC closes $496M CLO backed by first-lien loans
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837532/000119312525132140/0001193125-25-132140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837532/000119312525132140/d50122d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-132140

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