Apollo Debt Solutions BDC: debt financing — Apollo Debt Solutions BDC issues $300M 6.550% notes due 2032 at 100.604% of face value

Apollo Debt Solutions BDC

Priced $300M 6.550% notes due 2032 at 100.604% of face value, effective yield 6.421%.
Net proceeds ~$298.7M after discounts; funds will be used for general corporate purposes or to repay debt.
Notes are unsecured, rank pari passu with existing unsecured debt, senior to subordinated, structurally junior to subsidiaries.
Issued as additional notes to existing $500M 6.550% notes due 2032, will form single class.
Registration rights agreement requires exchange offer or shelf registration; failure triggers additional interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.96

Apollo Debt Solutions BDC incurred senior notes of $300 million in aggregate principal amount with Goldman Sachs & Co. LLC, ING Financial Markets LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as representatives of the Initial Purchasers at 6.550% per year maturing March 15, 2032.

Instrument: senior notes
Principal: $300 million in aggregate principal amount
Counterparty: Goldman Sachs & Co. LLC, ING Financial Markets LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as representatives of the Initial Purchasers
Rate: 6.550% per year
Maturity: March 15, 2032
Event: incurrence

Exact text from the filing

to Section 13(a) of the Exchange Act. ☐ Item 1.01. Entry into a Material Definitive Agreement. On May 5, 2026, Apollo Debt Solutions BDC (the “ Fund ”) priced an offering of $ 300 million in aggregate principal amount of its 6.550% notes due 2032 ( the “ New Notes ” ) in a private placement to persons reasonably believed to be qualified institutional buyers

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

Apollo Debt Solutions BDC entered into Registration Rights Agreement with Goldman Sachs & Co. LLC, ING Financial Markets LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as the representatives of the Initial Purchasers of the Notes (effective 2026-05-07).

Action: entry
Counterparty: Goldman Sachs & Co. LLC, ING Financial Markets LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as the representatives of the Initial Purchasers of the Notes
Effective: 2026-05-07

Exact text from the filing

the Fund entered into a Registration Rights Agreement, dated as of May 7, 2026 (the “ Registration Rights Agreement ”), with Goldman Sachs & Co. LLC, ING Financial Markets LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC as the representatives of the Initial Purchasers of the Notes.

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

Apollo Debt Solutions BDC entered into Third Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $300 million in aggregate principal amount of its 6.550% notes due 2032 (effective 2025-01-16).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $300 million in aggregate principal amount of its 6.550% notes due 2032
Effective: 2025-01-16

Exact text from the filing

On May 7, 2026, the Fund issued the New Notes under the Fund’s indenture with U.S. Bank Trust Company, National Association (the “ Trustee ”), dated as of March 21, 2024, and third supplemental indenture, dated as of January 16, 2025 (together, the “ Indenture ”).

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Source: SEC EDGAR

accession 0001193125-26-212154

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