Apollo Asset Backed Credit Co LLC 8-K

What Happened
Apollo Asset Backed Credit Company LLC filed an 8-K (May 26, 2026) reporting that it issued and sold unregistered shares to third‑party investors (final counts determined May 26, 2026), published Net Asset Value (NAV) per share as of April 30, 2026, and declared distributions on its outstanding share classes. The share sales were made on or about May 1, 2026 and were exempt from SEC registration under Section 4(a)(2)/Regulation D and/or Regulation S.

Key Details

• The filing lists specific share issuances totaling approximately $54.6 million in aggregate consideration across Series I and Series II share classes (examples: Series I I Shares 86,853 for $2,216,000; Series II I Shares 1,015,419 for $26,160,135; Series II P‑S Shares 748,453 for $19,175,000).
• NAV per share as of April 30, 2026 (determined May 26, 2026) ranged roughly: Series I about $24.97–$25.61 and Series II about $25.02–$25.84 (e.g., Series I I Shares $25.51; Series II I Shares $25.76; BD Shares $25.80).
• Distributions were declared May 26, 2026 for holders of record as of May 31, 2026 and payable on or about June 29, 2026 (example per‑share amounts: Series I I Shares $0.1039; Series II I Shares $0.1322; Series II BD Shares $0.1324). Distributions may be paid in cash or reinvested via the company’s reinvestment plan.
• The NAV schedule is posted on the company website (https://www.apollo.com/abc); website content is not incorporated into the 8‑K.

Why It Matters
These items affect investors’ pricing and income: the NAVs set the price for new share purchases, the declared distributions provide a cash (or reinvestment) return for holders, and the unregistered share issuances represent new capital raised (about $54.6M) which may impact outstanding share counts and future NAV dynamics. All sales were made under private‑placement exemptions (Reg D/Reg S), meaning the shares were not registered for public offering.