UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01. | Regulation FD Disclosure |
As previously disclosed, on March 25, 2025, Barn Owl Funding LLC (“Barn Owl Funding”), a wholly owned, consolidated subsidiary of Apollo Debt Solutions BDC (the “Fund”), entered into a credit facility (the “Barn Owl Credit Facility”), among Barn Owl Funding, as borrower, the Fund, in its capacities as collateral manager and subordinated investor, and Bank of America, N.A., as lender. On July 2, 2025, the Fund priced a collateralized loan obligation transaction that is expected to close on August 12, 2025 (the “ADS CLO 2 Transaction”), whereby Barn Owl Funding is expected to issue $502,100,000 in notes collateralized by the assets held by Barn Owl Funding and for which the Fund will act as collateral manager. In connection with the ADS CLO 2 Transaction, the Barn Owl Credit Facility is expected to be paid in full and terminated.
This disclosure does not constitute an offer to sell or a solicitation of an offer to buy any of the notes in the ADS CLO 2 Transaction, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this report constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue” or other similar words, or the negatives thereof. These may include financial projections and estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, and statements regarding future performance. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. The Fund believes these factors include, but are not limited to, those described under the section entitled “Item 1A. Risk Factors” in the Fund’s most recent annual report on Form 10-K, including any updates in its quarterly reports on Form 10-Q, which annual and quarterly reports are accessible on the U.S. Securities and Exchange Commission’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Fund’s prospectus and other filings. Except as otherwise required by federal securities laws, the Fund undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| APOLLO DEBT SOLUTIONS BDC | ||||||
| Date: July 14, 2025 | By: | /s/ Kristin Hester | ||||
| Name: | Kristin Hester | |||||
| Title: | Chief Legal Officer and Secretary | |||||