Apollo Debt Solutions Plans $750M Private Debt Offering

Private Offering Targets Institutional Investors

Apollo Debt Solutions BDC is moving forward with a $750 million private debt raise, offering 5.700% notes that mature in 2031. The notes are being sold to qualified institutional buyers and select non-U.S. investors, with the transaction expected to close on January 23, 2026. Early redemptions are allowed, and if exercised before December 23, 2030, will include a make-whole premium on top of par value.

The company plans to use the proceeds to support its broader capital strategy. That includes general corporate needs and potentially paying down debt—specifically under its revolving credit facility. The structure gives Apollo flexibility to allocate funds where needed and adjust financing as conditions evolve.

Share Repurchase Program Update

Alongside the new issuance, Apollo shared an update on its share repurchase program. Roughly 28 million common shares were tendered—about 4.8% of the company’s outstanding equity as of the end of September. These include Class I, S, and D shares.

Final pricing for the repurchased shares will be published in February, once Apollo finalizes its net asset value per share as of December 31.

Regulatory Notes and Forward-Looking Statements

This announcement stays within regulatory bounds. The notes haven’t been registered under U.S. securities law and can’t be sold publicly without an exemption. As always, Apollo included caution around forward-looking statements, pointing investors to its most recent risk disclosures for context.

Taken together, these two moves—raising capital through a targeted offering and returning capital through a tender—underscore how Apollo is managing its balance sheet at the start of 2026.