---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-331011"
form_type: "8-K"
ticker: null
cik: "0001837532"
company_name: "Apollo Debt Solutions BDC"
filed_at: "2025-12-23T23:59:59+00:00"
generated_at: "2026-05-16T12:17:34.212234+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Apollo Debt Solutions BDC sells 4.87M Class I shares for $119M, declares Dec distributions, NAV $24.44

## Summary
- Unregistered sale of 4,871,218 Class I shares for $119,043,794 to feeder vehicles.
- Declared Dec 2025 distributions: Class I $0.18 net, Class S $0.1624, Class D $0.1748.
- NAV per share $24.44 as of Nov 30, 2025, down from $24.48 in October.
- Portfolio fair value $23.6B across 413 companies; 100% first lien, 96% floating rate debt.
- Annualized distribution rate for Class I shares at 8.84% as of Dec 23, 2025.

## SEC filing metadata
- accession: 0001193125-25-331011
- form_type: 8-K
- cik: 0001837532
- company_name: Apollo Debt Solutions BDC
- filed_at: 2025-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837532/000119312525331011/0001193125-25-331011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837532/000119312525331011/d69378d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-331011
- JSON: https://secwatch.observer/filing/0001193125-25-331011.json
- Plain text: https://secwatch.observer/filing/0001193125-25-331011.txt

## Key facts
- Equity Issuances
  Apollo Debt Solutions BDC issued 4,871,218 Class I Common Shares of common stock to feeder vehicles primarily created to hold the Fund’s Class I Common Shares for $119,043,794.
  - Security: common stock
  - Shares: 4,871,218 Class I Common Shares
  - Purchaser: feeder vehicles primarily created to hold the Fund’s Class I Common Shares
  - Consideration: $119,043,794
  source text: the shares sold: Date of Unregistered Sale Amount of Class I Common Shares Consideration As of December 1, 2025 (number of shares finalized on December 23, 2025) 4,871,218 $ 119,043,794
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837532/000119312525331011/0001193125-25-331011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.