Apollo Debt Solutions’ Merlin unit increases revolver again, to $300 million

Chicago, Feb. 26 – Merlin Funding LLC, a wholly owned subsidiary of Apollo Debt Solutions BDC, increased the amounts borrowed under a credit facility to $300 million after a recent increase in the facility to $187.5 million, according to a 424B3 filing with the Securities and Exchange Commission.

Proceeds will be used to buy broadly syndicated corporate loans for collateral in a future collateralized loan obligation. The loans will be purchased from the secondary market.

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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