PIMCO Asset-Based Lending Co LLC 8-K

What Happened

• PIMCO Asset-Based Lending Company LLC filed an 8‑K reporting that on May 1, 2026 it issued and sold new Series II limited liability company interests (Shares) to third‑party investors in unregistered transactions (exempt under Section 4(a)(2), Regulation D and/or Regulation S). Final share counts were determined May 28, 2026. The disclosed aggregate cash proceeds for the classes with reported sales total approximately $67.8 million. Pacific Investment Management Company LLC determined Net Asset Value (NAV) per Share as of April 30, 2026 (NAVs set May 28, 2026), and the Company declared Series II distributions payable on or about June 22, 2026.

Key Details

• Share sales (Series II, May 1, 2026): Anchor I — 2,042,146 shares for $21,011,589; Anchor I‑B — 903,669 for $9,301,938; Anchor II — 3,339,042 for $34,272,126; E — 253,414 for $2,618,681; Standard A — 58,207 for $597,395. Total disclosed proceeds ≈ $67,801,729. Some amounts include shares issued under the Company’s DRIP and reinvestments from Series I liquidation.
• NAV per share (as of April 30, 2026; determined May 28, 2026): Series I samples — Anchor I $10.21, Anchor II $10.17, E $10.24; Series II samples — Anchor I $10.29, Anchor II $10.26, E $10.33. NAVs for all classes are listed in the filing and posted on the Company websites (not incorporated by reference).
• Distributions declared (Series II; record date May 31, 2026; payable on or about June 22, 2026): Anchor I $0.0656, Anchor I‑B $0.0600, Anchor II $0.0630, Anchor II‑B $0.0585, Anchor III $0.0689, E $0.0710, Standard A $0.0632, Standard B $0.0569. Distributions will be paid in cash or reinvested via the DRIP.

Why It Matters

• The filing shows the Company raised fresh capital for Series II (≈$67.8M disclosed) through private sales and reinvestments, which can support lending activity and operations. NAVs around $10.17–$10.33 provide a snapshot of per‑share value as of April 30, 2026. Declared distributions (small fixed dollar amounts per share) affect near‑term cash returns to shareholders and may be automatically reinvested for investors in the DRIP. The offering exemptions (Reg D/Reg S) indicate sales were to accredited and/or non‑U.S. investors rather than a registered public offering.