Apollo Debt Solutions BDC: debt financing — Apollo Debt Solutions BDC issues $400M in 5.200% notes due 2028

Apollo Debt Solutions BDC

Issued $400M aggregate principal of 5.200% notes maturing December 8, 2028.
Net proceeds of ~$395.6M after discount and expenses; used for general corporate purposes or debt repayment.
Interest payable semi-annually on June 8 and December 8, starting June 8, 2026.
Notes are unsecured, rank pari passu with other unsecured unsubordinated debt, and structurally junior to subsidiary debt.
Registration rights agreement obligates fund to file exchange or shelf registration, with additional interest if delayed.

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 senior notes of $400,000,000 in aggregate principal amount with U.S. Bank Trust Company, National Association at 5.200% per year maturing December 8, 2028.

Instrument: senior notes
Principal: $400,000,000 in aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.200% per year
Maturity: December 8, 2028
Event: incurrence

Exact text from the filing

On December 8, 2025, Apollo Debt Solutions BDC (the “ Fund ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”) entered into a Fifth Supplemental Indenture (the “ Fifth Supplemental Indenture ” and, together with the Base Indenture (defined herein), the “ Indenture ”) related to the $ 400,000,000 in aggregate principal amount of its 5.200% notes due 2028

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

Apollo Debt Solutions BDC entered into Fifth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $400,000,000 (effective 2025-12-08).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $400,000,000
Effective: 2025-12-08

Exact text from the filing

On December 8, 2025, Apollo Debt Solutions BDC (the “ Fund ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”) entered into a Fifth Supplemental Indenture (the “ Fifth Supplemental Indenture ” and, together with the Base Indenture (defined herein), the “ Indenture ”) related to the $ 400,000,000 in aggregate principal amount of its 5.200% notes due 2028 ( the “ Notes ”)

View on SEC.gov

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

Apollo Debt Solutions BDC entered into Registration Rights Agreement with Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC (effective 2025-12-08).

Action: entry
Counterparty: Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC
Effective: 2025-12-08

Exact text from the filing

In connection with the Notes Offering, the Fund entered into a Registration Rights Agreement, dated as of December 8, 2025 (the “ Registration Rights Agreement ”), with Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC, as the representatives of the Initial Purchasers of the Notes.

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Source: SEC EDGAR

accession 0001193125-25-311201

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