debt
confidence high
sentiment neutral
materiality 0.55
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.
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