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Apollo Asset Backed Credit Co LLC·8-K

Feb 25, 7:02 PM ET

Apollo Asset Backed Credit Co LLC 8-K

Research Summary

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Apollo Asset Backed Credit Co LLC Announces Share Sales, NAV & Distributions

What Happened
Apollo Asset Backed Credit Company LLC filed an 8-K (Feb 26, 2026) reporting that, as of Feb 2, 2026 (finalized Feb 25, 2026), it issued and sold multiple classes of unregistered shares to third‑party investors, raising approximately $100.79 million in aggregate consideration. The filing also reports the operating manager's determination of Net Asset Value (NAV) per share as of Jan 31, 2026 (announced Feb 25, 2026) for Series I and Series II share classes, and declares distributions payable to holders of record on Feb 28, 2026 (to be paid on or about Mar 30, 2026). The share sales were made under exemptions to registration (Section 4(a)(2), including Regulation D and/or Regulation S).

Key Details

  • Aggregate proceeds from the described unregistered share sales: approximately $100,793,634 (combined Series I and Series II).
  • Largest individual items included: Series II T‑I — 1,011,353 shares for $26,344,631; Series II I — 988,756 shares for $25,677,899; Series II BD — 673,135 shares for $17,509,513.
  • NAV per share (as of Jan 31, 2026) ranged roughly from $25.15 to $26.19 across share types (examples: Series I P‑I $25.15; Series II P‑I $26.19; Series II BD $26.01).
  • Distributions declared for each share type (examples): Series I A‑I $0.1249/share and Series II A‑I $0.1503/share; distributions payable in cash or reinvested, record date Feb 28, 2026, payable on or about Mar 30, 2026.

Why It Matters
For investors, the filing shows the company raised significant capital through private (unregistered) share sales, which can affect the number of shares outstanding and the company’s cash position. The NAV update provides the current per‑share price used for purchases and reflects the operating manager’s valuation as of Jan 31, 2026. The declared distributions and payment schedule are the near‑term cash (or reinvestment) returns for shareholders. All figures and dates above are from the company’s 8‑K; investors should review the full filing and Exhibit 99.1 for detailed breakdowns.