Apollo Debt Solutions BDC 8-K

What Happened
Apollo Debt Solutions BDC announced on June 25, 2026 that it priced a private placement of $750 million aggregate principal amount of 6.350% notes due June 30, 2033. The offering was made to parties believed to be qualified institutional buyers under Rule 144A and is expected to close on June 30, 2026, subject to customary closing conditions.

Key Details

• Amount: $750,000,000 aggregate principal; interest rate: 6.350% per year.
• Maturity: June 30, 2033; callable by the Fund at par at any time, with a make-whole premium applicable for redemptions prior to April 30, 2033.
• Offering terms: Private placement to qualified institutional buyers under Rule 144A; notes are not registered under the Securities Act.
• Use of proceeds: For general corporate purposes and/or to repay indebtedness, including amounts under the Fund’s revolving credit facility.

Why It Matters
If the offering closes, the Fund will increase its long-term fixed-rate indebtedness by $750 million, which affects its interest obligations and capital structure. Proceeds earmarked for general purposes or debt repayment (including the revolving credit facility) can improve liquidity or refinance more expensive short-term borrowings, depending on how the Fund applies the funds. The notes’ private placement status limits immediate public trading and resale.