Apollo Debt Solutions BDC 8-K

What Happened
Apollo Debt Solutions BDC filed an 8‑K on May 19, 2026. The fund declared May distributions for each share class (gross $0.18 per share) payable on or about June 29, 2026 to holders of record as of May 31, 2026. The filing also discloses a May 1, 2026 unregistered sale (finalized May 19, 2026) of 384,867 Class I Common Shares for $9,204,625 to feeder vehicles, sold under Section 4(a)(2) and/or Regulation S. The Fund reported a NAV per share of $23.92 (as of April 30, 2026) and provided portfolio and leverage metrics and recent transaction activity.

Key Details

• Distribution: Gross distribution $0.1800 per share for Class I, S and D; net to shareholders after servicing fees: Class I $0.1800, Class S $0.1627, Class D $0.1749. Record date May 31, 2026; pay date ~June 29, 2026.
• Unregistered sale: 384,867 Class I shares sold for $9,204,625 (May 1, 2026; share count finalized May 19, 2026) to feeder vehicles via a private offering exemption.
• Portfolio & NAV: NAV per share $23.92; aggregate NAV $14.5 billion; investment portfolio fair value ~$25.7 billion across 404 portfolio companies and 57 industries (as of April 30, 2026).
• Leverage & yield: Debt outstanding ~$11.8 billion (debt-to-equity ~0.81x) and net leverage ~0.75x; ~96% floating-rate, ~100% first-lien debt; weighted average yield at amortized cost ~8.51%; Class I annualized distribution rate 9.03% (as of May 19, 2026).

Why It Matters
The filing confirms the Fund is continuing regular monthly distributions and provides updated NAV, portfolio size and leverage metrics that help investors assess income yield and balance-sheet risk. The unregistered Class I share sale is a routine private placement to feeder vehicles and increases invested capital; the portfolio remains large, first‑lien and largely floating‑rate—factors that can influence income stability as rates change.