UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

~~Date of Report (Date of earliest event reported): May~~November 2319, ~~2016~~2020

Date of Report (Date of earliest event reported)

Apollo Senior Floating Rate Fund Inc.

(Exact name of registrant as specified in its charter)

Maryland	811-22481	27-3581739
(State or other jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)
9 West 57th Street New York, New York 10019
(Address of principal executive offices) (Zip Code)

9(212) ~~West~~515-3200 ~~57th Street~~

~~New~~(Registrant’s ~~York~~telephone number, ~~New~~including ~~York~~area ~~10019~~code)

~~(Address~~N/A ~~of principal executive offices)~~

~~Registrant’s~~(Former ~~telephone~~Name ~~number~~or Former Address, ~~including~~if ~~area~~Changed ~~code:~~Since ~~(212~~Last Report) ~~515-3200~~

~~Not~~Check ~~Applicable~~the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~(Former name~~☐ orWritten ~~former~~communications ~~address,~~pursuant ifto ~~changed~~Rule ~~since~~425 ~~last~~under ~~report~~the Securities Act (17 CFR 230.425)

~~Check~~☐ ~~the~~Soliciting ~~appropriate~~material ~~box~~pursuant ~~below if~~to ~~the~~Rule ~~Form 8~~14a-K12 ~~filing is intended to simultaneously satisfy the filing obligation of the registrant~~ under ~~any of~~ the ~~following~~Exchange ~~provisions~~Act (~~see~~17 ~~General~~CFR ~~Instruction A~~240.~~2. below~~14a-12):

¨☐ ~~Written~~Pre-commencement communications pursuant to Rule ~~425~~14d-2(b) under the ~~Securities~~Exchange Act (17 CFR ~~230~~240.~~425~~14d-2(b))

¨☐ ~~Soliciting~~Pre-commencement ~~material~~communications pursuant to Rule ~~14a~~13e-124(c) under the Exchange Act (17 CFR 240.~~14a~~13e-124(c))

¨Securities ~~Pre-commencement~~registered ~~communications~~ pursuant to ~~Rule~~Section ~~14d-2~~12(b) ~~under~~of the ~~Exchange~~ Act: ~~(17 CFR 240.14d-2(b))~~

¨Title ~~Pre-commencement~~of ~~communications~~each ~~pursuant~~class toTrading ~~Rule~~Symbol ~~13e-4(c)~~Name ~~under~~of ~~the~~each ~~Exchange~~exchange ~~Act~~on ~~(17~~which ~~CFR~~registered ~~240.13e-4(c))~~Common Stock AFT New York Stock Exchange

~~Item~~Indicate 8by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.01405 ~~Other~~of ~~Events~~this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

~~Repayment~~Emerging ofgrowth ~~Existing~~company ☐ ~~Credit Facility and Entry into New Credit Facility~~

OnIf ~~May 11,~~an ~~2016,~~emerging ~~Apollo Senior Floating Rate Fund Inc. (the “Fund”) repaid in full its existing credit~~growth ~~facility (the “Existing Credit Facility”) with JPMorgan Chase Bank~~company, ~~N.A.~~indicate inby ~~the~~check ~~aggregate~~mark ~~principal~~if ~~amount of $149,269,000. The same day,~~ the ~~Fund~~registrant ~~entered~~has ~~into~~elected a new credit facility (the “New Credit Facility”) with Sumitomo Mitsui Banking Corporation (“SMBC”) as lender with an aggregate amount of $150,000,000 available under the facility. Under the terms of the New Credit Facility, the Fund may borrow a single term loan not to ~~exceed~~use ~~$112,500,000 (~~the ~~“Term~~ ~~Loan”)~~extended ~~and~~transition ~~may~~period ~~borrow~~for upcomplying towith anany ~~additional~~new ~~$37,500,000~~or onrevised afinancial ~~revolving~~accounting ~~basis~~standards ~~(the~~provided ~~“Revolving~~pursuant Loans”). The Term Loan shall be a Eurodollar loan that bears interest at the London Interbank Offered Rate (“LIBOR”) plus a compounding applicable margin of 1.05% (the “Applicable Margin”). With respect to ~~the Revolving Loans, the Fund may elect to apply LIBOR, an alternative base rate~~ Section 13(~~“ABR”),~~ a ~~fixed rate, or a combination thereof. ABR and fixed rate loans will generally bear interest at the highest of: (i~~) ~~the~~ ~~federal funds rate plus 1.00%; (ii) the LIBOR reference rate plus 1.00%; and (iii) SMBC’s prime rate as announced by SMBC from time to time in New York City. The Fund may elect an interest period~~ of ~~one, two or three months with respect to both~~ the ~~Term Loan and the Revolving Loans, and six months with respect to the Revolving Loans. Any loans outstanding under the New Credit Facility must be repaid in full~~Exchange ~~by May 11, 2019~~Act. ☐ The Fund will pay SMBC a quarterly commitment fee equal to 0.15% per annum on the average daily amount of available commitments. The New Credit Facility contains customary affirmative and negative covenants, including limitations on debt, liens and restricted payments, as well as certain portfolio limitations and customary prepayment provisions, including a requirement to prepay loans or take certain other actions if certain asset value tests are not met.

~~Currently,~~Item ~~the~~5.03 ~~Fund~~Amendments ~~has~~to ~~drawn~~Articles ~~$135,250,000 under the New Credit Facility, which is comprised~~ of aIncorporation ~~Term~~or ~~Loan of $112,500,000 and a Revolving Loan of $22,750,000, both of which bear a three month LIBOR~~By-~~based~~Laws; ~~interest~~Change ~~rate,~~in ~~plus~~Fiscal ~~Applicable Margin~~Year.

Apollo ~~Credit~~Senior ~~Management~~Floating Rate Fund Inc. (the “Fund”) announced on November 19, ~~LLC~~2020 that the Board has elected that the Fund be subject to the Maryland Control Share Acquisition Act (the “MCSAA”), an ~~affiliate~~effective immediately. The Board believes that electing to be subject to the MCSAA protects the interests of ~~Apollo~~the ~~Global~~Fund ~~Management,~~and ~~LLC,~~its stockholders. The objective of the MCSAA is to protect the ~~Fund~~interests of all stockholders of a Maryland corporation. Maryland lawmakers instituted the MCSAA to limit the ability of any single stockholder to exert undue influence in pursuit of short-term gains at the expense of long-term value for fund stockholders and a fund’s ability to achieve its investment ~~adviser~~objective.

~~SIGNATURES~~The election to become subject to the MCSAA limits the ability of holders of “control shares” to vote those shares above various threshold levels that start at 10% unless the other stockholders of the Fund reinstate or approve those voting rights at a meeting of stockholders as provided in the MCSAA. The bylaws for the Fund provide that the provisions of the MCSAA do not apply to the voting rights of the holders of any shares of preferred stock of the Fund (but only with respect to such preferred stock).

~~Pursuant~~The above description of the MCSAA is only a high-level summary and does not purport to be complete. Investors should refer to the ~~requirements~~actual provisions of the ~~Securities~~MCSAA ~~Exchange~~and ~~Act~~the ofFund’s ~~1934,~~bylaws asfor ~~amended~~more information, ~~the~~including ~~Registrant~~definitions ~~has~~of ~~duly~~key ~~caused~~terms, ~~this~~various ~~report~~exclusions toand beexemptions ~~signed on~~from ~~its~~the ~~behalf~~statute’s scope, and the procedures by which stockholders may approve the ~~undersigned~~reinstatement ~~hereunto~~of ~~duly~~voting ~~authorized~~rights to holders of “control shares.”

Date: May 23, 2016				APOLLO SENIOR FLOATING RATE FUND INC.
				/s/ Joseph D. Glatt
				Joseph D. Glatt
				Secretary and Chief Legal Officer

An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Any commentary provided in this press release is for informational purposes only.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Description:

5.03		Amended and Restated By-Laws of Apollo Senior Floating Rate Fund Inc. dated November 19, 2020

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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APOLLO SENIOR FLOATING RATE FUND INC.

Date: November 24, 2020

/s/ Joseph D. Glatt

Name: Joseph D. Glatt

Title: Secretary and Chief Legal Officer

Filing Compare · Apollo Senior Floating Rate Fund Inc.