Apollo Debt Solutions BDC 8-K

What Happened

• Apollo Debt Solutions BDC announced on January 15, 2026 that it priced a private placement of $750 million aggregate principal amount of 5.700% notes due January 23, 2031. The notes were sold to purchasers believed to be qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S. The offering is expected to close on January 23, 2026, subject to customary closing conditions. The Fund expects to use net proceeds for general corporate purposes and/or to repay indebtedness, including amounts under its revolving credit facility.

Key Details

• $750 million principal amount of 5.700% notes, maturing January 23, 2031.
• Notes sold in a Rule 144A/Regulation S private placement; offering priced January 15, 2026 and expected to close January 23, 2026.
• Redemption: redeemable at the Fund’s option at par; a make‑whole premium applies for redemptions before December 23, 2030.
• Share repurchase update: ~28 million Shares (Class I, S and D combined), representing approximately 4.8% of outstanding Shares as of Sept. 30, 2025, were validly tendered and not withdrawn in the repurchase offer that expired Dec. 15, 2025; the purchase price per Share will be disclosed in February 2026 after the Fund determines NAV as of Dec. 31, 2025.

Why It Matters

• The filing shows the Fund is raising $750M of fixed‑rate debt at 5.700% and is managing its capital structure (proceeds may be used to repay credit facility borrowings). Investors should note the expected close date (Jan. 23, 2026), monitor subsequent disclosures about the actual use of proceeds, and watch the February 2026 announcement of the share purchase price, which will finalize the impact of the repurchase on outstanding Shares and NAV. The 8‑K also includes customary forward‑looking statement cautions.