secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Debt Solutions BDC (—)
CIK:        0001837532
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001193125-25-328733
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo Debt Solutions BDC subsidiary Toucan Funding enters $600M revolving credit facility
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- Maximum principal $600M, expandable to $1B via accordion; 3-year revolving period, 5-year maturity.
- Interest on USD advances at 1-month Term SOFR plus 1.60% margin; margin increases 0.125% after reinvestment period.
- Borrowings secured by Toucan Funding assets; used to finance eligible asset origination/acquisition.
- Fund retains residual interest via ownership; contributed assets recorded at no gain/loss.
- Credit agreement contains customary covenants and events of default; borrowings count toward asset coverage under 1940 Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837532/000119312525328733/0001193125-25-328733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837532/000119312525328733/d17443d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-328733

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