Apollo Asset Backed Credit Co LLC 8-K

What Happened

• Apollo Asset Backed Credit Company LLC filed an 8‑K on December 29, 2025 reporting (1) private/unregistered sales of shares to third‑party investors (final amounts determined Dec 29), (2) Net Asset Value (NAV) per share as of November 30, 2025, and (3) distributions declared on December 23, 2025 payable on or about January 29, 2026.
• The company sold roughly 4.51 million shares across Series I and Series II for aggregate cash proceeds of about $117.1 million (Series I ≈ $8.80M; Series II ≈ $108.31M). Notable Series II sales include 2,210,828 I Shares for $57,448,147 and 952,536 T‑I Shares for $24,826,801. The transactions were exempt from registration under Section 4(a)(2)/Reg D and/or Reg S.
• The operating manager set NAV per share as of November 30, 2025 (determined Dec 29). NAVs cluster around $25.2–$26.2 depending on share type (for example, Series I I Shares $25.75; Series II I Shares $25.98; Series II BD Shares $26.03).
• Distributions were declared for each share class (record date Dec 31, 2025; pay date on or about Jan 29, 2026). Examples: Series I I Shares $0.1168 per share; Series II I Shares $0.1438 per share; Series II BD Shares $0.1443 per share. Holders may receive cash or reinvest via the company’s distribution reinvestment plan.

Key Details

• Aggregate shares sold: ~4,513,196 shares; aggregate consideration ≈ $117,103,973.
• Major Series II receipts: I Shares — 2,210,828 shares for $57,448,147; T‑I Shares — 952,536 shares for $24,826,801; BD Shares — 211,220 shares for $5,497,375.
• NAV per share (Nov 30, 2025): ranges roughly $25.21 to $26.20 across classes (example: Series I A‑I $25.44; Series II T‑I $26.06).
• Distribution details: declared Dec 23, 2025; record date Dec 31, 2025; payment on/about Jan 29, 2026; distributions payable in cash or reinvested.

Why It Matters

• Fundraising and share issuances: The private placements raised material capital (~$117M) and increased the company’s outstanding shares — relevant for investors tracking capital growth, portfolio size and potential dilution.
• NAV and income: Updated NAVs set the price for share sales and give investors a snapshot of per‑share value; declared distributions provide upcoming cash (or reinvestment) income and specify record/pay dates investors need to capture payments.
• Placement type: These were unregistered private sales (Reg D/Reg S), meaning shares were sold to accredited or non‑U.S. investors rather than via a registered public offering — relevant for liquidity and investor base composition.

Signed by CFO Robert Rossitto on behalf of the company (per the filing).