On December 21, 2009, Apollo Investment Corporation (the "Company") amended, its senior secured, multi-currency, revolving credit facility (the "Facility"). The amended Facility extends certain existing lenders' commitments totaling approximately $1.2 billion through April 12, 2013 and allows the Company to seek additional commitments from new and existing lenders in the future, up to an aggregate amount not to exceed $2.0 billion. Non-extending lender commitments total approximately $380.0 million and mature on April 13, 2011. Pricing for outstanding borrowings made by non-extending Lenders will remain at 100 basis points over LIBOR. The pricing for outstanding borrowings made extending lenders is reset to 300 basis points over LIBOR. Terms used herein and not otherwise defined shall have the meanings set forth in the amended Facility.

The description above is only a summary of the material amendment provisions of the Facility and does not purport to be complete and is qualified in its entirety by reference to the provisions in such Facility, as amended, which is attached hereto as Exhibit 99.2.

A press release announcing the amendment of the Facility is attached hereto as Exhibit 99.1. Amendment No. 1 to the Amended and Restated Credit Agreement is attached hereto as Exhibit 99.2.

(d) Exhibits

Exhibit No.   Description
99.1          Press Release of Apollo Investment Corporation, dated December 21, 2009

99.2          Amendment No. 1 to Amended and Restated Senior Secured Revolving Credit
              Agreement, dated as of December 21, 2009, among Apollo Investment
              Corporation, the lenders party thereto and JPMorgan Chase Bank, N.A., as
              administrative agent for the lenders.

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