Regulation FD Disclosure Form 8 K

As previously disclosed, on October 6, 2023, Merlin Funding LLC ("Merlin Funding"), a wholly owned, consolidated subsidiary of Apollo Debt Solutions BDC (the "Fund"), entered into a credit facility (the "Merlin Credit Facility"), among Merlin Funding, as borrower, Morgan Stanley Senior Funding, Inc., as administrative agent and as a lender, and Deutsche Bank National Trust Company, as collateral agent, account bank and collateral custodian. On August 21, 2024, the Fund priced a collateralized loan obligation transaction that is expected to close on October 9, 2024 (the "ADS CLO 1 Transaction"), whereby Merlin Funding is expected to issue $754,700,000 in notes collateralized by the assets held by Merlin Funding and for which the Fund will act as collateral manager. In connection with the ADS CLO 1 Transaction, the Merlin Credit Facility is expected to be paid in full and terminated.

This disclosure does not constitute an offer to sell or a solicitation of an offer to buy any of the notes in the ADS CLO 1 Transaction, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information contained in this report constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue" or other similar words, or the negatives thereof. These may include financial projections and estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, and statements regarding future performance. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. The Fund believes these factors include, but are not limited to, those described under the section entitled "Item 1A. Risk Factors" in the Fund's most recent annual report on Form 10-K,including any updates in its quarterly reports on Form 10-Q,which annual and quarterly reports are accessible on the U.S. Securities and Exchange Commission's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Fund's prospectus and other filings. Except as otherwise required by federal securities laws, the Fund undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.