Apollo Debt Solutions BDC: debt financing — Apollo Debt Solutions BDC completes $502.1M CLO securitization backed by first-lien loans

Apollo Debt Solutions BDC

Issued $502.1M in Notes: $300M Class A-1 (SOFR+1.30%), $30M A-2 (SOFR+1.70%), $65M B (SOFR+1.80%), $35M C (SOFR+2.75%), and $72.1M Subordinated.
Company retained 100% of Class B, Class C, and Subordinated Notes to satisfy risk-retention rules.
Proceeds used to purchase first-lien commercial loans from the Company under a master loan sale agreement.
Collateral management fee set at 0.0% per annum; Notes mature July 15, 2037, redeemable after July 15, 2027.

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 debt of $502,100,000 with BofA Securities, Inc. at three-month SOFR plus 1.30% to 2.75% maturing July 15, 2037.

Principal: $502,100,000
Counterparty: BofA Securities, Inc.
Rate: three-month SOFR plus 1.30% to 2.75%
Maturity: July 15, 2037
Event: incurrence

Exact text from the filing

te and in connection with the 2025 Debt Securitization, ADS CLO 2 LLC (the “CLO Issuer”), an indirect, wholly-owned, consolidated subsidiary of the Company, entered into a Note Purchase and Placement Agreement (the “CLO Purchase and Placement Agreement”) with BofA Securities, Inc., as the initial purchaser (the “Initial Purchaser”) and Apollo Global Securities, LLC, as 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 0001193125-25-179805

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