Apollo Debt Solutions BDC 8-K

What Happened
Apollo Debt Solutions BDC filed a Form 8-K on March 13, 2026 disclosing that its wholly owned subsidiary, Grouse Funding LLC, entered into a Second Amendment to the Grouse Secured Credit Facility on March 12, 2026. The amendment increases the maximum facility from $500 million to $1.0 billion and extends the reinvestment and maturity periods. The original credit agreement was dated July 7, 2022; Goldman Sachs Bank USA serves as syndication and administrative agent, State Street Bank and Trust Company as collateral custodian and agent, and Virtus Group, LP as collateral administrator.

Key Details

• Facility size increased from $500,000,000 to $1,000,000,000.
• Reinvestment period extended from January 30, 2028 to three years after March 12, 2026 (i.e., March 12, 2029).
• Facility maturity extended from January 30, 2030 to five years after March 12, 2026 (i.e., March 12, 2031).
• Apollo Debt Solutions BDC is party to the amendment as investment manager and guarantor of Grouse Funding.

Why It Matters
The amendment materially increases Grouse Funding’s borrowing capacity and pushes out key timing for reinvestment and maturity. For investors, this means the fund-backed borrower has greater access to debt financing and more time to deploy or manage assets under the facility, which can affect liquidity and financing flexibility. The filing is limited to the amendment summary; the full form of the amendment is filed as an exhibit for more detail.