Apollo Debt Solutions BDC 2Q26 Tender Offer Oversubscribed

Apollo Debt Solutions BDC received Q2 redemption requests for approximately 16.8% of shares outstanding and will fulfill 5%, representing approximately $0.7B in gross outflows. Apollo reported the geographic split for redemptions which is notable: U.S. onshore requests moderated to approximately 4.3% while offshore redemptions surged to 12.5% — suggesting the stress is concentrated in international distribution channels rather than domestic retail.