Apollo Debt Solutions BDC Expands Credit Facility to $3.99 Billion
Apollo Debt Solutions BDC has amended its senior secured, multicurrency revolving credit facility, raising total capacity to $3.99 billion, up nearly 16% from a year ago.
The amendment, the fourth to the facility, increases the credit line from $3.828 billion and expands its accordion feature, which allows for further increases, to $5.985 billion from $5.18 billion. JPMorgan Chase Bank, N.A. serves as administrative agent for a syndicate of lenders on the facility. Its maturity was extended one year, to Aug. 12, 2031.
The BDC amends and extends the facility around this time each year as part of the ordinary course, and the latest amendment is unrelated to redemption activity at the fund.
The amendment also removed the credit spread adjustment applied to dollar-denominated borrowings under the facility and loosened a covenant tied to the fund’s shareholders’ equity test. Buybacks of the fund’s own equity completed after July 1, 2026, are now subject to only a 25% deduction under that test, removing a prior quarterly restriction. Apollo did not disclose a purpose for the amendment.
Apollo Debt Solutions BDC is a nontraded business development company externally managed by an affiliate of Apollo Global Management.
AltsWire reported in August 2025 that the same JPMorgan-administered facility stood at $2.74 billion. An additional amendment and extension during that time increased the facility to approximately $3.453 billion.
The expansion comes as Apollo Debt Solutions BDC continues to manage heavy redemption demand. The fund’s net asset value fell by about $700 million in March, to $14.4 billion, as withdrawal requests reached 11.2% of outstanding shares, more than double the fund’s standard 5% quarterly repurchase limit. The fund fulfilled about 45% of first-quarter redemption requests as a result.
The credit facility amendment follows other recent financing moves at the fund, including a $750 million notes issuance and a $514.9 million collateralized loan obligation closing, both completed within the past two months.
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