# Apollo Debt Solutions BDC — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_b7ecd0df4d6ae19b275a · retrieved 2026-08-12T07:19:26.877Z

## Overview
Apollo Debt Solutions BDC is a business development company that invests in a diversified portfolio of primarily first-lien commercial loans and manages collateralized loan obligations.

On August 6, 2026, Apollo Debt Solutions BDC completed a $514,900,000 term debt securitization (collateralized loan obligation) through its subsidiary ADL CLO 3 LLC. The CLO Issuer issued $248,700,000 of Class A-1a Senior Secured Floating Rate Notes due 2038 at SOFR plus 1.50%, $20,600,000 of Class A-1b Notes due 2038 at SOFR plus 1.70%, $30,900,000 of Class A-2 Notes due 2038 at SOFR plus 1.85%, $41,200,000 of Class B Notes due 2038 at SOFR plus 2.25%, and $30,900,000 of Class C Notes due 2038 at SOFR plus 3.60%. Additionally, the CLO Issuer issued $92,600,000 of Subordinated Notes due 2126 bearing no interest, and incurred $50,000,000 of Class A-1a Loans maturing 2038 at SOFR plus 1.50%. Citigroup Global Markets Inc. served as initial purchaser and placement agent, along with Apollo Global Securities, LLC as placement agent. The securitization is backed by a diversified portfolio consisting primarily of first-lien commercial loans.

## Terms
- Counterparty: Citigroup Global Markets Inc.; Apollo Global Securities, LLC · Deal value: $514.9M · Consideration: mixed

## Key dates
- Announced 2026-08-07

## Timeline
- 2026-08-07 · 8-K (0001193125-26-340369): 8-K - Apollo Debt Solutions BDC — *Apollo Debt Solutions BDC is a business development company that invests in a diversified portfolio of primarily first-lien commercial loans and manages collateralized loan obligations.* On August 6, 2026, Apollo Debt Solutions BDC completed a $514,900,000 term debt securitization (collateralized loan obligation) through its subsidiary ADL CLO 3 LLC. The CLO Issuer issued $248,700,000 of Class A-1a Senior Secured Floating Rate Notes due 2038 at SOFR plus 1.50%, $20,600,000 of Class A-1b Notes due 2038 at SOFR plus 1.70%, $30,900,000 of Class A-2 Notes due 2038 at SOFR plus 1.85%, $41,200,000 of Class B Notes due 2038 at SOFR plus 2.25%, and $30,900,000 of Class C Notes due 2038 at SOFR plus 3.60%. Additionally, the CLO Issuer issued $92,600,000 of Subordinated Notes due 2126 bearing no interest, and incurred $50,000,000 of Class A-1a Loans maturing 2038 at SOFR plus 1.50%. Citigroup Global Markets Inc. served as initial purchaser and placement agent, along with Apollo Global Securities, LLC as placement agent. The securitization is backed by a diversified portfolio consisting primarily of first-lien commercial loans.
  https://www.sec.gov/Archives/edgar/data/1837532/0001193125-26-340369.txt

## Citations
- 0001193125-26-340369 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526340369