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Apollo Debt Solutions Caps Third-Quarter Repurchases at $700 Million as Requests Reach 14.7%
Blue Vault reports that Apollo Debt Solutions BDC expected to spend approximately $700 million on third-quarter repurchases, covering 5% of outstanding shares. Requests amounted to about 14.7%, implying that participating investors would receive roughly 34% of the amount sought.
Apollo said many requests represented previously unfilled shares resubmitted by investors. With approximately $200 million of subscriptions during the quarter, it expected around $500 million in net outflows. The source also reports $4.8 billion of available liquidity; that balance does not override the fund's quarterly repurchase limit.
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