Apollo Debt Solutions BDC

$3.99bn committed across 1 active facility, next covenant test Sep 30, 2026.

Recent changes

  1. Aug 18, 2026Apollo Debt Solutions BDC signs $3.99bn FOURTH AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT, matures Aug 2031SEC ↗
Tested quarterlyHeadroom not yet measured$9.2bn
The Borrower will not permit Shareholders’ Equity as at the last day of any fiscal quarter of the Borrower to be less than the sum of (i) $9,198,639,000 and (ii) the greater of (x) zero and (y) 25% of the net proceeds of the sale of common Equity Interests by the Borrower on or after July 1, 2026 ...
Read the filing on sec.gov ↗
Tested otherHeadroom not yet measured1.50
The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.
Read the filing on sec.gov ↗

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FOURTH AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT

Signed Aug 12, 2026

Committed
$3.99bn
Matures
Aug 2031
Agent
JPMorgan Chase Bank, N.A.
TrancheSizeMaturesMargin
Dollar Revolving Commitments$450mAug 2031n/a
Multicurrency Revolving Commitments$3.54bnAug 2031n/a

Priced over Term SOFR (Revolving credit facility).

LevelConditionMarginUnused fee
Level Level 1Gross Borrowing Base ≥ 2.0x Combined Debt Amountn/an/a
Level Level 2Gross Borrowing Base < 2.0x and ≥ 1.6x Combined Debt Amountn/an/a
Level Level 3Gross Borrowing Base < 1.6x Combined Debt Amountn/an/a

Lenders: JPMORGAN CHASE BANK, N.A., BOFA SECURITIES, INC., ING CAPITAL LLC, PNC CAPITAL MARKETS LLC, ROYAL BANK OF CANADA, SUMITOMO MITSUI BANKING CORPORATION, TRUIST SECURITIES, INC., WELLS FARGO SECURITIES, LLC

No amendments on file yet.

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