BDC Quick Recap: Apollo Debt Solutions BDC
BDC Quick Recap: Apollo Debt Solutions BDC as of December 31st, 2022
Apollo Debt Solutions BDC filed its earnings yesterday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Apollo Debt Solutions BDC for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $4.31B |
| # of Investments | 183 |
| Total unused commitments to extend financing | $435.1M |
| Portfolio Companies | 133 |
| Portfolio Composition | |
|---|---|
| First Lien | 98.40% |
| Equity and Other | 1.60% |
Source: SOLVE Fixed Income, Apollo Debt Solutions BDC
Portfolio Credit Quality
| Non-Accruals Cost | 0 |
| # of Non-Accruals | 0 |
| # of Portfolio at Cost | 0.00% |
| New Non-Accruals | N/A |
Source: SOLVE Fixed Income, Apollo Debt Solutions BDC
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Zendesk Inc | First Lien Secured Debt | Software | $162.0M | 11/22/2028 | S+650 |
| Avalara Inc | First Lien Secured Debt | Software | $133.0M | 10/19/2028 | S+725 |
| CNSI Holdings LLC | First Lien Secured Debt | Pharmaceuticals | $34.8M | 12/17/2028 | S+650 |
Source: SOLVE Fixed Income, Apollo Debt Solutions BDC
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| Concord Special Purpose Acquisition Company LLC | First Lien Secured Debt | Media | $59.4M | 4/22/2026 | L+550 |
| Keystone Acquisition Corp | First Lien Secured Debt | Construction & Engineering | $19.6M | 1/26/2029 | L+575 |
| Alliant Holdings Intermediate LLC | First Lien Secured Debt | Insurance | $14.0M | 11/5/2027 | L+350 |
Source: SOLVE Fixed Income, Apollo Debt Solutions BDC
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