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S&P rates Apollo Debt notes BBB-
S&P said it assigned its BBB- debt rating to Apollo Debt Solutions BDC's planned $400 million of senior unsecured notes due 2029.
The rating is in line with Apollo Debt Solutions’ issuer ratings.
Apollo Debt Solutions intends to use the proceeds for general corporate purposes and to repay outstanding debt under its secured credit facilities, which on Dec. 31 was $614.6 million.
The outlook is stable.
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