UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On October 26, 2023, certain indirect subsidiaries (the "Sellers") of Apollo Realty Income Solutions, Inc., (the "Company") entered into a Master Repurchase Agreement (the "Agreement") with JPMorgan Chase Bank, National Association (the "Buyer"). The Agreement provides for a maximum aggregate purchase price of $250 million and has a three-year term plus two one-year extension options. Subject to the terms and conditions thereof, the Agreement provides for the purchase, sale and repurchase of senior mortgage loans and participation interests in performing senior mortgage loans satisfying certain conditions set forth in the Agreement. The Agreement contains affirmative and negative covenants and provisions regarding events of default that are normal and customary for similar repurchase facilities.The Company’s operating partnership, ARIS Operating Partnership L.P., has agreed to provide a limited guarantee of the obligations of the Sellers under the Agreement. As of the date hereof, there are no outstanding borrowings under the Agreement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Apollo Realty Income Solutions, Inc. |
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Date: November 1, 2023 |
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By: |
/s/ John Calace |
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Name: John Calace |
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Title: Chief Financial Officer, Treasurer and Secretary |
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