Apollo Debt Solutions BDC: debt financing — Apollo Debt Solutions BDC upsizes credit facility to $900M, extends maturity to Nov 2030

Apollo Debt Solutions BDC

Facility size increased from $500M to $900M.
Applicable margin reduced to 1.60% (liquid credit) / 1.85% (private credit), with a floor of 1.80%.
Revolving period extended from Sep 2027 to Nov 2028; maturity extended from Sep 2029 to Nov 2030.
Maximum portfolio advance rate increased from 65% to 67.5%.
Sixth amendment effective Nov 25, 2025; lenders include Morgan Stanley, MUFG, EverBank.

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 amended credit facility of increase the facility size from $500,000,000 to $900,000,000 with Morgan Stanley Senior Funding, Inc., as administrative agent at (x) 1.60% for all liquid credit loan assets and (y) 1.85% for all private credit maturing extend the maturity date period from September 2029 to November 2030.

Instrument: credit facility
Principal: increase the facility size from $500,000,000 to $900,000,000
Counterparty: Morgan Stanley Senior Funding, Inc., as administrative agent
Rate: (x) 1.60% for all liquid credit loan assets and (y) 1.85% for all private credit
Maturity: extend the maturity date period from September 2029 to November 2030
Event: amendment

Exact text from the filing

(i) increase the facility size from $500,000,000 to $900,000,000; (ii) decrease the applicable margin

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Apollo Debt Solutions BDC amended Sixth Amendment to Loan and Servicing Agreement and First Amendment to Purchase and Sale Agreement with Morgan Stanley Senior Funding, Inc. and The Bank of New York Mellon Trust Company, National Association valued at $900,000,000 (effective 2025-11-25).

Action: amendment
Agreement: credit facility
Counterparty: Morgan Stanley Senior Funding, Inc. and The Bank of New York Mellon Trust Company, National Association
Value: $900,000,000
Effective: 2025-11-25

Exact text from the filing

On November 25, 2025, Mallard Funding LLC (“Mallard Funding”), a wholly owned subsidiary of Apollo Debt Solutions BDC, a Delaware statutory trust (the “Company”) entered into the Sixth Amendment to Loan and Servicing Agreement and First Amendment to Purchase and Sale Agreement (the “Sixth Amendment”), which amends (i) that certain Loan and Servicing Agreement, dated as of January 7, 2022 (the “Mallard Funding Loan and Servicing Agreement”), by and among Mallard Funding, as borrower, the Company, in its capacity as servicer and in its capacity as transferor, the lenders from time to time parties thereto, Morgan Stanley Senior Funding, Inc., as administrative agent, and The Bank of New York Mellon Trust Company, National Association, as collateral agent, collateral custodian and account bank

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Source: SEC EDGAR

accession 0001193125-25-305248

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