PIMCO Asset-Based Lending Co LLC 8-K

What Happened

• PIMCO Asset-Based Lending Company LLC filed an 8-K (Apr 2, 2026) reporting that on March 2, 2026 it issued and sold unregistered limited liability company interests (the “Shares”) in Series I and Series II to third‑party investors for cash; final share counts were determined March 28, 2026. Sales were exempt from registration under Section 4(a)(2), Regulation D and/or Regulation S.
• The company’s operating manager, Pacific Investment Management Company LLC, determined Net Asset Value (NAV) per Share as of February 28, 2026 (determination made March 28, 2026) and the company declared distributions on March 31, 2026, payable on or about April 20, 2026 (record date March 31, 2026). Distributions may be paid in cash or reinvested under the distribution reinvestment plan.

Key Details

• Unregistered sales (examples): Series II Anchor II — 1,212,663 Shares for $12,507,462; Series II Anchor I — 958,857 Shares for $9,914,833; Series II Standard A — 1,021,426 Shares for $10,525,852. Series I smaller sales included Anchor II 6,655 Shares for $67,962. (Totals per class listed in the filing; some amounts include reinvested distributions.)
• NAV per Share as of Feb 28, 2026: Series I Anchor I $10.26, Anchor II $10.21, E $10.29, Standard A $10.22; Series II Anchor I $10.34, Anchor II $10.31, Anchor III $10.36, E $10.39, Standard A $10.31.
• Distributions declared (per Share): Series I E $0.0664, Anchor I $0.0591, Anchor II $0.0555, Standard A/B $0.0491; Series II E $0.0811, Anchor I $0.0736, Anchor II $0.0700, Anchor III $0.0777, Standard A $0.0635. Payable on/around April 20, 2026; record date March 31, 2026.
• The filing notes no outstanding Anchor I-B, Anchor II-B or Standard B Shares for Series II as of Feb 28, 2026.

Why It Matters

• The company raised cash through exempt (unregistered) sales of membership interests, which is a direct capital inflow and may affect share availability and ownership composition; purchases included sales to accredited and/or non‑U.S. investors under Reg D/Reg S.
• NAVs determine the price at which Shares are sold and are therefore key for investors tracking per‑share value; the declared distributions provide near‑term cash or reinvestment options for shareholders and set the income level paid per share for the declared period.
• These items are operational updates (capital raises, NAV, and distributions) that current and prospective holders can use to monitor liquidity, income, and pricing signals from the company’s Series I and Series II offerings.