secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Debt Solutions BDC (—)
CIK:        0001837532
Form:       8-K
Filed at:   2026-06-22T21:00:09+00:00
Accession:  0001193125-26-277655
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo Debt Solutions BDC expects $0.4B net outflows in Q2; portfolio 100% first lien, PIK 2.9%
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- Gross Q2 inflows of $0.3B; H1 total inflows $1.0B; redemption requests of 16.8% of shares outstanding.
- Will honor 5% quarterly redemption target, estimated $0.7B gross outflows; net outflows approx. $0.4B (3% of NAV).
- Portfolio 100% first lien, 41% LTV, $307M weighted-avg EBITDA, 10% YoY EBITDA growth, interest coverage 2.6x.
- Non-accruals at 1% of cost; PIK income half the peer average (2.9% of gross investment income).
- Leverage at 0.77x; immediately available liquidity of $4.3B; YTD repayments $1.3B (annualized 12%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837532/000119312526277655/0001193125-26-277655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837532/000119312526277655/d66029d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-277655

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