# EDGAR Filing Document

**Accession Number:** 0001837532
**File Stem:** 0001193125-26-159064
**Filing Date:** 2026-4
**Character Count:** 21054
**Document Hash:** 07d57bb5029a7b7aeb8f19c7013bbd47
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-159064.hdr.sgml**: 20260416

**ACCESSION NUMBER**: 0001193125-26-159064

**CONFORMED SUBMISSION TYPE**: N-2MEF

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20260416

**DATE AS OF CHANGE**: 20260416

**EFFECTIVENESS DATE**: 20260416

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Apollo Debt Solutions BDC
- **CENTRAL INDEX KEY:** 0001837532

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-2MEF
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-295101
- **FILM NUMBER:** 26867853

**BUSINESS ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

?xml version='1.0' encoding='ASCII'? N-2MEF

#### As filed with the Securities and Exchange Commission on April 16, 2026

#### Securities Act File No. 333-

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM N-2

### REGISTRATION STATEMENT

#### UNDER

---

| | |
|:---|:---|
| **THE SECURITIES ACT OF 1933** | ☒ |
| **Pre-Effective Amendment No.** | ☐ |
| **Post-Effective Amendment No.** | ☐ |

---

## Apollo Debt Solutions BDC

#### (Exact name of registrant as specified in its charter)

#### 9 West 57th Street

#### New York, NY 10019
(212) 515-3200

#### (Address and telephone number, including area code, of principal executive offices)

#### Kristin Hester

#### Apollo Debt Solutions BDC

#### 9 West 57th Street

#### New York, NY 10019

#### (Name and address of agent for service)

#### COPIES TO:

#### Steven Grigoriou, Esq.

#### Simpson Thacher & Bartlett LLP

#### 900 G Street, N.W.

#### Washington, DC 20001
**Approximate Date of Commencement of Proposed Public Offering**: As soon as practicable after the effective date of this Registration Statement.

☐ Check box if the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans.

☒ Check box if any securities being registered on this Form will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 ("Securities Act"), other than securities offered in connection with a dividend reinvestment plan.

☐ Check box if this Form is a registration statement pursuant to General Instruction A.2 or a post-effective amendment thereto. 

☐ Check box if this Form is a registration statement pursuant to General Instruction B or a post-effective amendment thereto that will become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act. 

☐ Check box if this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction B to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act. 

#### It is proposed that this filing will become effective (check appropriate box):
☐ when declared effective pursuant to Section 8(c) of the Securities Act.

#### If appropriate, check the following box:
☐ This post-effective amendment designates a new effective date for a previously filed post-effective amendment registration statement.

☒ This Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is:

☐ This Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is:

☐ This Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is:

#### Check each box that appropriately characterizes the Registrant:
☐ Registered Closed-End Fund (closed-end company that is registered under the Investment Company Act of 1940 ("Investment Company Act")).

☒ Business Development Company (closed-end company that intends or has elected to be regulated as a business development company under the Investment Company Act).

☐ Interval Fund (Registered Closed-End Fund or a Business Development Company that makes periodic repurchase offers under Rule 23c-3 under the Investment Company Act).

☐ A.2 Qualified (qualified to register securities pursuant to General Instruction A.2 of this Form). 

☐ Well-Known Seasoned Issuer (as defined by Rule 405 under the Securities Act).

☐ Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act")).

☐ If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act.

☐ New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing).

**THIS REGISTRATION STATEMENT SHALL BECOME EFFECTIVE UPON FILING WITH THE SECURITIES AND EXCHANGE COMMISSION IN ACCORDANCE WITH RULE 462(b) OF THE SECURITIES ACT OF 1933, AS AMENDED.** 

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#### Explanatory Note
This Registration Statement is being filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, by Apollo Debt Solutions BDC (the "Registrant") with the Securities and Exchange Commission in order to register additional common shares of beneficial interest, par value $0.001 per share, of the Registrant, and hereby incorporates by reference into this Registration Statement the contents of the Registration Statement on Form N-2 (File No. 333-278477), as amended by post-effective amendments thereto.

The required opinion is listed on the Exhibit Index attached to and filed with this Registration Statement.

------

#### SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended (the "Securities Act"), the Registrant has duly caused this Registration Statement on Form N-2 (the "Registration Statement") to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York on the 16th day of April 2026.

---

| | |
|:---|:---|
| APOLLO DEBT SOLUTIONS BDC | APOLLO DEBT SOLUTIONS BDC |
| By: | /s/ Earl Hunt |
|  | Earl Hunt |
| Name: | Chairperson, Chief Executive Officer and |
| Title: | Trustee |

---

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacity and on the date indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Earl Hunt<br> Earl Hunt | Chairperson, Chief Executive Officer and Trustee | April 16, 2026 |
| /s/ Eric Rosenberg<br> Eric Rosenberg | Chief Financial Officer | April 16, 2026 |
| /s/ Meredith Coffey\*<br> Meredith Coffey | Trustee | April 16, 2026 |
| /s/ Christine Gallagher\*<br> Christine Gallagher | Trustee | April 16, 2026 |
| /s/ Michael Porter\*<br> Michael Porter | Trustee | April 16, 2026 |
| /s/ Carl J. Rickertsen\*<br> Carl J. Rickertsen | Trustee | April 16, 2026 |
| /s/ Sheryl Schwartz\*<br> Sheryl Schwartz | Trustee | April 16, 2026 |

---

---

| | |
|:---|:---|
| \*By: | /s/ Kristin Hester |
|  | Kristin Hester |
|  | As Agent or Attorney-in-Fact |

---

April 16, 2026

The powers of attorney authorizing Earl Hunt, Eric Rosenberg, Kristin Hester, Ryan Del Giudice and Adam Eling to execute the Registration Statement, and any amendments thereto, for Meredith Coffey, Christine Gallagher, Michael Porter and Carl J. Rickertsen on whose behalf this Amendment is filed have been executed and filed as an Exhibit to the Registration Statement on Form N-2 (File No. 333-278477), filed on April 2, 2024. The powers of attorney authorizing Earl Hunt, Eric Rosenberg, Kristin Hester, Ryan Del Giudice and Adam Eling to execute the Registration Statement, and any amendments thereto, for Sheryl Schwartz on whose behalf this Amendment is filed have been executed and filed as an Exhibit to the Registration Statement on Form N-2 (File No. 333-278477), filed on August 19, 2025.

------

#### EXHIBIT INDEX

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| (l) | [Opinion of Richards, Layton & Finger, P.A.\*](d572731dex99l.htm) |
| (n)(1) | [Power of Attorney (incorporated by reference to Exhibit (n)(4) to the Registrant's Registration Statement on Form N-2 (File No. 333-278477) filed on April 2, 2024)](http://www.sec.gov/Archives/edgar/data/1837532/000119312524085039/d820694dex99n4.htm) |
| (n)(2) | [Power of Attorney (incorporated by reference to Exhibit (n)(4) to the Registrant's Registration Statement on Form N-2 (File No. 333-278477) filed on August 19, 2025)](http://www.sec.gov/Archives/edgar/data/1837532/000119312525183482/d72842dex99n4.htm) |
| (s) | [Calculation of Filing Fee Tables \*](d572731dexfilingfees.htm) |

---

\* Filed herewith

## Ex-99.(L)

**Exhibit (l)**![LOGO](g572731dsp007.jpg)

April 16, 2026

Apollo Debt Solutions

9 West 57<sup>th</sup> Street

New York, New York 10019

---

| | |
|:---|:---|
| **Re:** | **<u>Apollo Debt Solutions BDC</u>**  |

---

Ladies and Gentlemen:

We have acted as special Delaware counsel for Apollo Debt Solutions BDC, a Delaware statutory trust (the "Trust"), in connection with the matters set forth herein. At your request, this opinion is being furnished to you.

We have examined and relied upon such records, documents, certificates and other instruments as in our judgment are necessary or appropriate to enable us to render the opinions expressed below, including the following documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The certificate of trust of the Trust, as filed with the office of the Secretary of State of the State of
Delaware (the "Secretary of State") on December 4, 2020, as restated by the restated certificate of trust of the Trust, as filed with the office of the Secretary of State on March 27, 2024 (the "Certificate of
Trust");

![LOGO](g572731dsp07a.jpg)

------

Apollo Debt Solutions BDC

April 16, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Declaration of Trust, dated as of December 4, 2020, by Joseph D. Glatt (the "Trustee") and
Wilmington Trust, National Association, as Delaware trustee (the "Delaware Trustee"), as amended and restated by the First Amended and Restated Declaration of Trust, dated as of February 9, 2021 by the Trustee and the Delaware
Trustee, as further amended and restated by the Second Amended and Restated Declaration of Trust, dated as of July 1, 2021, by the Trustee and the Delaware Trustee, as further amended and restated by the Amended and Restated Declaration of
Trust, dated as of July 22, 2021, between the trustees of the trust named therein and the Delaware Trustee, as further amended and restated by the Amended and Restated Agreement and Declaration of Trust, dated as of October 26, 2021
between the trustees of the trust named therein and the Delaware Trustee, and as further amended and restated by the Second Amended and Restated Declaration of Trust, dated as of December 20, 2021, between the trustees named therein and the
Delaware Trustee, as further amended and restated by the Third Amended and Restated Declaration of Trust, dated as of April 14, 2023, between the trustees of the trust named therein and the Delaware Trustee, as amended and restated by the
Fourth Amended and Restated Declaration of Trust, dated as of March 14, 2024, by the trustees of the trust named therein, and as amended and restated by the Fifth Amended and Restated Declaration of Trust, dated as of March 13, 2025, by
the trustees of the trust named therein (collectively, the "Trust Agreement");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Third Amended and Restated By-Laws of the Trust, dated as of
March 14, 2024 (the "By-Laws");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) A certificate of the secretary of the Trust, dated the date hereof, and attaching copies of resolutions adopted
by the Board of Trustees (the forgoing are collectively referred to as the "Resolutions" and, together with the Trust Agreement and the By-Laws, are collectively referred to as the "Trust
Documents");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The registration statement (the "Registration Statement") on Form N-2 filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, relating to the issuance of the Class S, Class D and Class I common shares of beneficial interest in the Trust,
par value $0.01 per share with an aggregate offering amount of $10,400,000,000 (the "Shares"), filed by the Trust with the United States Securities and Exchange Commission; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) A Certificate of Good Standing for the Trust, dated April 15, 2026, obtained from the Secretary of State.

Initially capitalized terms used herein and not otherwise defined are used as defined in the Trust Documents.

As to various questions of fact material to our opinion, we have relied upon the representations made in the foregoing documents and upon certificates of officers of the Trust.

------

Apollo Debt Solutions BDC

April 16, 2026

With respect to all documents examined by us, we have assumed (i) the authenticity of all documents submitted to us as authentic originals, (ii) the conformity with the originals of all documents submitted to us as copies or forms, (iii) the genuineness of all signatures and (iv) that there exists no provision of any such other document that bears upon or is inconsistent with our opinions as expressed herein.

For purposes of this opinion, we have assumed (i) that the Trust Documents constitute the entire agreement among the parties thereto with respect to the subject matter thereof, including with respect to the formation, operation and termination of the Trust, and that the Trust Documents and the Certificate of Trust are in full force and effect and will not be amended, (ii) except to the extent provided in paragraph 1 below, the due organization or due formation, as the case may be, and valid existence in good standing of each party to the documents examined by us under the laws of the jurisdiction governing its organization or formation, (iii) the legal capacity of natural persons who are parties to the documents examined by us, (iv) that each of the parties (other than the Trust) to the documents examined by us has the power and authority to execute and deliver, and to perform its obligations under, such documents, (v) except to the extent provided in paragraph 2 below, the due authorization, execution and delivery by all parties thereto of all documents examined by us, (vi) the payment by each Person to whom a Share has been or is to be issued by the Trust (collectively, the "Shareholders") for such Share, in accordance with the Trust Documents and as contemplated by the Registration Statement, (vii) that the Shares will be issued and sold to the Shareholders in accordance with the Trust Documents and as contemplated by the Registration Statement, (viii) that any amendment or restatement of any document reviewed by us has been accomplished in accordance with, and was permitted by, the relevant provisions of said document prior to its amendment or restatement from time to time, and (ix) that the aggregate amount of the Shares issued under the Registration Statement shall not exceed $10,400,000,000. We have not participated in the preparation of the Registration Statement (other than this opinion) and assume no responsibility for its contents except for this opinion.

This opinion is limited to the laws of the State of Delaware (excluding the securities laws of the State of Delaware), and we have not considered and express no opinion on the laws of any other jurisdiction, including federal laws and rules and regulations relating thereto. Our opinions are rendered only with respect to Delaware laws and rules, regulations and orders thereunder which are currently in effect.

Based upon the foregoing, and upon our examination of such questions of law and statutes of the State of Delaware as we have considered necessary or appropriate, and subject to the assumptions, qualifications, limitations and exceptions set forth herein, we are of the opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Trust has been duly formed and is validly existing in good standing as a statutory trust under the Delaware Statutory Trust Act, 12 Del. C. § 3801, <u>et</u>. <u>seq</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Shares of the Trust have been duly authorized and, when issued, will be validly issued, fully paid and nonassessable beneficial interests in the Trust.

------

Apollo Debt Solutions BDC

April 16, 2026

We consent to the filing of this opinion with the Securities and Exchange Commission as an exhibit to the Registration Statement. In giving the foregoing consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission thereunder.

---

| |
|:---|
| Very truly yours, |
| /s/ Richards, Layton & Finger, P.A. |

---

JWP/CZD

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**N-2**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Apollo Debt Solutions BDC**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Security Type**  | **Security Class Title**  | **Fee Calculation or Carry Forward Rule**  | **Amount Registered**  | **Maximum Aggregate Offering Price**  | **Fee Rate**  | **Amount of Registration Fee**  |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to be Paid | 1 | Equity | Common Stock | 457(o) | 400000000 | $400000000.00 | 0.0001381 | $55240.00 |
| Fees Previously Paid |  |  |  |  |  |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities |  |  |  |  |  |  |  |  |
|  |  |  | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $400000000.00  |  | $55240.00  |
|  |  |  | Total Fees Previously Paid:  | Total Fees Previously Paid:  | Total Fees Previously Paid:  |  |  | $0.00  |
|  |  |  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  | $0.00  |
|  |  |  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  | $55240.00  |

---

 **Offering Note** <br>

<sup>1</sup> (1) The registration fee is calculated in accordance with Rule 457(o) under the Securities Act of 1933, as amended (the "Securities Act"), based on the proposed maximum aggregate offering price. Estimated pursuant to Rule 457(o) under the Securities Act of 1933, as amended, solely for the purpose of determining the registration fee. In accordance with Rule 462(b) under the Securities Act, the Registrant is registering an additional $400,000,000 of common shares, which will increase the maximum offering amount. A total of $10,000,000,000 of common shares of beneficial interest, par value $0.01 per share, were previously registered. This Registration Statement registers an additional $400,000,000 of common shares, resulting in a total of $10,400,000,000 in registered common shares. The additional amount of securities that is being registered represents no more than 20% of the remaining securities or the maximum aggregate offering price of the remaining securities available to be sold under the Registrant's Registration Statement on Form N-2 (File No. 333-278477), filed with the Securities and Exchange Commission on April 1, 2024.

---

| |
|:---|
| |
| **Rules 457(b) and 0-11(a)(2)** |
| Fee Offset Claims |
| Fee Offset Sources |
| **Rule 457(p)** |
| Fee Offset Claims |
| Fee Offset Sources |

---