Apollo Debt Solutions BDC: debt financing — Apollo Debt Solutions BDC issues $400M 5.875% notes due 2030

Apollo Debt Solutions BDC

Issued $400M aggregate principal amount of 5.875% notes maturing August 30, 2030.
Net proceeds approximately $395.5M after discount and offering expenses.
Notes rank pari passu with existing unsecured unsubordinated debt; effectively junior to secured debt.
Proceeds to be used for general corporate purposes and/or to repay revolving credit facility.
Registration Rights Agreement may trigger additional interest if exchange offer not completed by deadlines.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Apollo Debt Solutions BDC incurred senior notes of $400,000,000 with U.S. Bank Trust Company, National Association at 5.875% maturing August 30, 2030.

Instrument: senior notes
Principal: $400,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.875%
Maturity: August 30, 2030
Event: incurrence

Exact text from the filing

On July 17, 2025, Apollo Debt Solutions BDC (the “ Fund ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”) entered into a Fourth Supplemental Indenture (the “ Fourth Supplemental Indenture ” and, together with the Base Indenture (defined herein), the “ Indenture ”) related to the $ 400,000,000 in aggregate principal amount of its 5.875% notes due 2030 (the “ Notes ”), which supplements that certain Base Indenture, dated as of March 21, 2024 (as may be further amended, supplemented or otherwise modified from time to time, the “ Base Indenture ”).

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Source: SEC EDGAR

accession 0001193125-25-160502

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