Apollo Debt Solutions lifts revolver to $2.19 billion, extends to 2028

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – Apollo Debt Solutions BDC amended and extended its senior secured multi-currency revolving credit facility on Oct. 12, increasing lender commitments by $100 million to $2,185,000,000, according to an 8-K filing with the Securities and Exchange Commission.

The final maturity date was extended to Oct. 12, 2028 from March 11, 2027.

The accordion feature was expanded to allow the company to further increase the facility size to up to $3,277,500,000 from up to $2,752,500,000.

Borrowings continue to be subject to a borrowing base.

JPMorgan Chase Bank, NA is the administrative agent. ING Capital LLC, Sumitmo Mitsui Banking Corp., Truist Bank, BNP Paribas, Royal Bank of Canada and State Street Bank and Trust Co. are the syndication agents.

JPMorgan, ING, Sumitomo Mitsui, Truist and Royal Bank of Canada are the lead arrangers and bookrunners.

Based in New York, Apollo Debt Solutions BDC is a regulated, non-listed business development corporation that provides individual investors access to investments targeted by the largest institutions.

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