Ropes & Gray Advised on BDC Bond Offerings Valued at Approximately $1.5 Billion

In The News
December 16, 2025
Attorneys:

Ropes & Gray this month represented the initial purchasers in three 144A bond offerings:

  • MSD Investment Corp.’s $400 million offering of its 6.125% notes due 2031.
  • Apollo Debt Solutions BDC’s $400 million offering of its 5.200% notes due 2028.
  • Goldman Sachs Private Credit Corp.'s $260 million offering of its 5.375% notes due 2029.

The firm also represented the underwriter in Blackstone Private Credit Fund's $400 million add-on bond offering of its .950% notes due 2029.

MSD Investment Corp., Apollo Debt Solutions BDC, Goldman Sachs Private Credit Corp., and Blackstone Private Credit Fund are business development companies.

All teams were led by capital markets partner Paul Tropp.