Tender Offer - Apollo Debt Solutions BDC

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Form Type: SC TO-I

Filing Date: 2025-02-14

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525027265

Filing Summary: Apollo Debt Solutions BDC has filed a tender offer to purchase up to 19,202,150 Shares of its Class I, Class S, and Class D common shares, which represent approximately 5% of the Shares outstanding as of December 31, 2024. The tender offer is set to expire on March 17, 2025, unless extended. The purchase price of a tendered Share will be determined based on its net asset value as of March 31, 2025, or a later date if the offer is extended. Shareholders who tender their Shares will receive a non-interest bearing, non-transferable promissory note equal to the value of the accepted Shares. The clarity of how and when purchases will be conducted was emphasized, alongside the assurance that all Shareholders will be treated equally in terms of offer conditions.

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Additional details:

Shareholder Accepted For Purchase: non-interest bearing, non-transferable promissory note

Offer Amount: 19,202,150 Shares

Expiration Date: March 17, 2025

Net Asset Value Based On: March 31, 2025

Form Type: SC TO-I/A

Filing Date: 2025-02-10

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525023631

Filing Summary: This document is a Final Amendment to the Issuer Tender Offer Statement on Schedule TO filed on November 15, 2024, by Apollo Debt Solutions BDC. The offer aimed to purchase up to 16,392,917 of its outstanding shares, including Class I, Class S, and Class D shares. The tender offer expired on December 16, 2024, at 11:59 p.m. Eastern Time. A total of 2,513,327 shares were validly tendered and accepted for purchase, representing 100% of the shares tendered. The net asset value of the tendered shares as of the Valuation Date (December 31, 2024) was $62,476,028. The payment for the accepted shares was made in non-interest-bearing, non-transferable promissory notes, with a total payment of $62,447,404 distribution to shareholders, equating to 99% of the net asset value of the tendered shares. The repurchase price for the shares was set at $24.86 per share on the Valuation Date.

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Additional details:

Title Of Class Of Securities: Class I, Class S and Class D Shares of Beneficial Interest

Cusip Number Of Class Of Securities: 03770D 301, 03770D 103, and 03770D 202

Validly Tendered Shares: 2,513,327

Net Asset Value Tendered: $62,476,028

Total Payment To Shareholders: $62,447,404

Price Per Share: $24.86

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