Tender Offer - Apollo Debt Solutions BDC
Form Type: SC TO-I
Filing Date: 2025-05-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525121672
Filing Summary: Apollo Debt Solutions BDC is initiating a tender offer for its own shares, including Class I, Class S, and Class D Shares of Beneficial Interest. The offer will allow holders of the Fund's Shares to tender up to 23,064,497 Shares, representing approximately 5% of outstanding Shares as of March 31, 2025. The tender offer will commence on May 16, 2025, and remain open until June 16, 2025. Shareholders can accept the offer to sell their Shares at the net asset value as of March 31, 2025, or a later determined Valuation Date if the offer is extended. The Fund anticipates that Shareholders whose Shares are accepted will receive a promissory note valued equivalent to the accepted Shares. Direct references are made to the Offer to Purchase for detailed terms regarding the procedure for tenders and withdrawal rights, as well as potential conditions affecting the offer. The Fund does not expect any officers or trustees to participate in the tender offer.
Additional details:
Title Of Class Of Securities: Class I, Class S and Class D Shares of Beneficial Interest
Cusip Numbers: ["03770D301","03770D103","03770D202"]
Number Of Shares Outstanding: 461289931
Offer Amount: 23064497
Percentage Of Shares Offered: 5
Tender Offer Expiration: 2025-06-16
Purchase Price Basis: net asset value as of March 31, 2025
Transfer Agent: SS&C GIDS, Inc.
Form Type: SC TO-I/A
Filing Date: 2025-05-08
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525115957
Filing Summary: Apollo Debt Solutions BDC filed a Final Amendment to its Issuer Tender Offer Statement on Schedule TO on May 8, 2025. This amendment relates to an offer initiated on February 14, 2025, allowing the Fund to purchase up to 19,202,150 outstanding shares of beneficial interest, including Class I, Class S, and Class D shares, at the net asset value per share as of March 31, 2025. The tender offer expired on March 17, 2025, at 11:59 p.m. Eastern Time. A total of 5,281,642 shares were validly tendered, and 100% of these were accepted for purchase by the Fund. The net asset value of the tendered shares was calculated to be $130,177,151, and shareholders received payment through non-interest bearing promissory notes totaling $130,124,282, with shares repurchased at a price of $24.65 per share. The amendment serves to report the results of the offer and does not alter any previously reported information.
Additional details:
Tender Offer Expiration: 2025-03-17
Shares Validly Tendered: 5281642
Shares Accepted For Purchase: 100%
Net Asset Value Of Tendered Shares: 130177151
Purchase Price Per Share: 24.65
Total Payment To Tendering Shareholders: 130124282
Payment Date: 2025-04-30
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.
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.
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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